Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h —

Price spread now: Reya against Bitget−0.147%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.147% cheaper against Bitget than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 43 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02275	0.0100	pay 0.0050% / 4h	3h 39m	$640K	$464K	20x
Short	Reya AIXBTRUSDPERP	0.02272	0.0372	get 0.0047% / 1h	39m 54s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee ReyabpOrdersPrice spread, now −0.147%Rate

Funding earned: $57.16
Price spread: −0.147% → 0.000%: −$14.71
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $24.45
Costs to cover: 0.180%
Break-even: 4.0 days

Slippage unknown: Bitget: live order book, 30 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 30 min ago	2.21 bp	17.4 bp −$17	89.6 bp −$896	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AIXBT on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AIXBTUSD	−0.1547%	1h	0.02270	−0.216%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0001%	4h	0.02271	−0.191%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02273	−0.097%	$378K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02272	−0.132%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02270	−0.220%	$1.2M	$971K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02271	−0.176%	$459K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02273	−0.088%	$201K	$97K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02273	−0.088%	$472K	$188K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02271	−0.176%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02275	long leg	$640K	$464K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02272	−0.132%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0138%	4h	0.02272	−0.132%	$119K	$65K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02273	−0.070%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02272	−0.147%	—	—	—