Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Bybit−0.045%7-day average +0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1151.146% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.045%, 7d avg +0.134%

Together, before fees+0.050%+$5 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: Bitget is 0.179% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02240	0.0100	pay 0.0050% / 4h	2h 54m	$1.2M	$957K	25x
Short	Bitget AIXBTUSDT	0.02239	0.0100	get 0.0050% / 4h	2h 54m	$634K	$459K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.134%: −$17.87
Slippage, 4 orders: −$91.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$132.44
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 30 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	4.45 bp	28.6 bp −$29	830.8 bp −$8,308	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	6.65 bp	30.6 bp −$31	101.7 bp −$1,017	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	−0.1930%	1h	0.02247	+0.329%	$20K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0198%	4h	0.02242	+0.111%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0060%	4h	0.02245	+0.223%	$119K	$63K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02246	+0.281%	$374K	$180K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02242	+0.089%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02240	long leg	$1.2M	$957K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02237	−0.134%	$452K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02242	+0.089%	$193K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02244	+0.179%	$462K	$178K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02248	+0.357%	$1.1M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02239	−0.045%	$634K	$459K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02238	−0.089%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02249	+0.411%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02247	+0.303%	—	—	—	as long as short