Funding arb · Price arb /

AIXBT

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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: OKX against Bybit+0.113%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

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

costs, in and out, $10k−$1381.377% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.113%, 7d avg +0.058%

Together, before fees−0.146%−$15 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: OKX is 0.055% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02295	0.0100	pay 0.0050% / 4h	25m 36s	$1.2M	$1.1M	25x
Short	OKX AIXBT-USDT-SWAP	0.02298	0.0100	get 0.0050% / 4h	25m 36s	$453K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.058%: $5.5
Slippage, 4 orders: −$116.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$132.17
Costs to cover: 1.377%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 1 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	8.72 bp	35.1 bp −$35	484.9 bp −$4,849	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	6.54 bp	34.0 bp −$34	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	−0.1280%	1h	0.02296	+0.020%	$19K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0094%	4h	0.02297	+0.070%	$118K	$78K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02300	+0.192%	$392K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02297	+0.086%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02295	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02298	+0.113%	$453K	$1.6M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02297	+0.070%	$202K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02299	+0.157%	$640K	$227K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02298	+0.113%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02301	+0.244%	$652K	$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	0.02298	+0.113%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02292	−0.167%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02295	+0.004%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02296	+0.020%	—	—	—	as long as short