Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.336%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.276%−$28 · spread now +0.336%, 7d avg +0.060%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.275% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02354	0.0100	pay 0.0050% / 4h	1h 59m	$1.2M	$1.2M	25x
Short	Binance AIXBTUSDT	0.02362	0.0100	get 0.0050% / 4h	1h 59m	$2.5M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.336%Rate

Funding earned: $0
Price spread: +0.336% → +0.060%: $27.54
Slippage, 4 orders: −$96.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.4
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 7 min ago.

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 Bybit live order book, 1 min ago	4.27 bp	32.8 bp −$33	284.3 bp −$2,843	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.14 bp	22.7 bp −$23	122.5 bp −$1,225	doesn't fit	doesn't fit

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	−0.1373%	1h	0.02345	−0.369%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0028%	4h	0.02343	−0.469%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02364	+0.412%	$402K	$210K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02362	+0.336%	$2.5M	$3.8M	50x
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02354	long leg	$1.2M	$1.2M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02355	+0.038%	$499K	$1.8M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02360	+0.251%	$210K	$121K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02360	+0.251%	$693K	$258K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02362	+0.336%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02363	+0.378%	$665K	$603K	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	0.02360	+0.251%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0111%	4h	0.02345	−0.387%	$120K	$88K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0274% / S −0.0486%	1h	0.02350	−0.187%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02347	−0.308%	—	—	—	as long as short