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: KuCoin against Bybit+0.142%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$434as in the Funding arb table

Net, price: spread back to 7d avg − costs−$408as in the Price arb table

costs, in and out, $10k−$4184.181% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 7 days−0.151%−$15 · spread now +0.142%, 7d avg +0.043%

Together, before fees−0.309%−$31 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: KuCoin is 0.099% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02317	0.0100	pay 0.0050% / 4h	1h 31m	$1.2M	$1.2M	25x
Short	KuCoin AIXBTUSDTM	0.02320	0.0100	get 0.0050% / 4h	1h 31m	$1.2M	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.043%: $9.93
Slippage, 4 orders: −$395.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$408.22
Costs to cover: 4.181%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	4.31 bp	31.1 bp −$31	314.1 bp −$3,141	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	6.46 bp	177.0 bp −$177	doesn't fit	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	−0.2994%	1h	0.02319	+0.087%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0043%	4h	0.02330	+0.578%	$101K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0044%	4h	0.02321	+0.186%	$124K	$94K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02323	+0.259%	$395K	$210K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02320	+0.156%	$2.5M	$4.0M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02317	long leg	$1.2M	$1.2M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02320	+0.142%	$477K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02321	+0.186%	$211K	$126K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02320	+0.142%	$680K	$262K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02320	+0.142%	$1.2M	$1.5M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02323	+0.272%	$650K	$609K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02320	+0.142%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02320	+0.164%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02320	+0.137%	—	—	—	as long as short