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: MEXC against Bybit+0.175%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$880.883% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.175%, 7d avg +0.059%

Together, before fees−0.108%−$11 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: MEXC is 0.116% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02291	0.0100	pay 0.0050% / 4h	24m 58s	$1.2M	$1.1M	25x
Short	MEXC AIXBT_USDT	0.02295	0.0100	get 0.0050% / 4h	24m 58s	$646K	$228K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → +0.059%: $11.56
Slippage, 4 orders: −$73.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$76.73
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 21 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	4.36 bp	31.5 bp −$32	308.3 bp −$3,083	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	2.21 bp	16.1 bp −$16	61.9 bp −$619	130.8 bp −$13.1K	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	−0.1280%	1h	0.02297	+0.251%	$19K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0061%	4h	0.02299	+0.349%	$118K	$78K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02297	+0.249%	$392K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02295	+0.168%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02291	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02293	+0.087%	$452K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02298	+0.306%	$202K	$101K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02295	+0.175%	$646K	$228K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02296	+0.218%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02299	+0.349%	$651K	$544K	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	0.02294	+0.131%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02292	+0.025%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02297	+0.262%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02298	+0.321%	—	—	—	as long as short