Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0353%/8h= +38.6% APRpaid last 24h +0.099%

Price spread now: GMX against BloFin+0.353%51s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and GMX is 0.353% dearer against BloFin than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AIXBT-USDT	0.02269	0.0136	pay 0.0068% / 4h	48m 20s	$118K	$64K	50x
Short	GMX AIXBT/USD [ETH-USDC]	0.02277	L +0.0270% / S −0.0489%	get 0.0061% / 1h	48m 20s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BloFinbpFee GMXbpOrdersPrice spread, now +0.353%Rate

Funding earned: $74.11
Price spread: +0.353% → 0.000%: $35.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $85.36
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: BloFin: live order book, 12 min ago; GMX: 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 BloFin live order book, 12 min ago	4.43 bp	16.9 bp −$17	46.6 bp −$466	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1240%	1h	0.02275	+0.247%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02273	+0.164%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02278	+0.388%	$378K	$180K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02275	+0.264%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02273	+0.176%	$1.2M	$969K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02277	+0.353%	$461K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02277	+0.353%	$195K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02276	+0.309%	$450K	$184K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02274	+0.220%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02280	+0.485%	$649K	$454K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02275	+0.264%	—	$6.6M	—	as long as short
BloFin AIXBT-USDTlong	+0.0136%	4h	0.02269	long leg	$118K	$64K	50x
GMX AIXBT/USD [ETH-USDC]short	L +0.0270% / S −0.0489%	1h	0.02277	+0.353%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02276	+0.295%	—	—	—	as long as short