Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.271%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.228%−$23 · spread now +0.271%, 7d avg +0.048%

Together, before fees−0.208%−$21 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: BingX is 0.223% dearer against Bybit than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02289	0.0100	pay 0.0050% / 4h	27m 58s	$1.2M	$1.1M	25x
Short	BingX AIXBT-USDT	0.02295	0.0100	get 0.0050% / 4h	27m 58s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → +0.048%: $22.33
Slippage, 4 orders: −$92.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.44
Costs to cover: 1.138%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 9 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, 3 min ago	8.72 bp	35.1 bp −$35	484.9 bp −$4,849	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.20 bp	22.4 bp −$22	92.1 bp −$921	602.7 bp −$60.3K	933.8 bp −$466.9K

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	−0.1283%	1h	0.02290	+0.045%	$19K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02291	+0.114%	$391K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02292	+0.140%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02289	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02292	+0.140%	$451K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02295	+0.271%	$202K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02292	+0.140%	$638K	$227K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02292	+0.140%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02297	+0.358%	$651K	$544K	20x	as long as short
BingX AIXBT-USDTshort	+0.0100%	4h	0.02295	+0.271%	—	$6.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02290	+0.057%	$100K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0115%	4h	0.02299	+0.446%	$118K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02292	+0.127%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02293	+0.200%	—	—	—	as long as short