Funding arb · Price arb /

AIXBT

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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: Bitget against Gate−0.171%7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1571.570% of the position

Long on Gate 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)+0.239%+$24 · spread now −0.171%, 7d avg +0.082%

Together, before fees+0.196%+$20 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 0.253% cheaper against Gate than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02336	0.0100	pay 0.0050% / 4h	1h 08m	$216K	$129K	25x
Short	Bitget AIXBTUSDT	0.02332	0.0100	get 0.0050% / 4h	1h 08m	$656K	$619K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → +0.082%: −$25.35
Slippage, 4 orders: −$130
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$182.35
Costs to cover: 1.570%
Break-even: never at this rate

Slippage from Gate: live order book, 28 min ago; Bitget: live order book, 32 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 Gate live order book, 28 min ago	6.43 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 32 min ago	6.43 bp	25.2 bp −$25	126.9 bp −$1,269	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	−0.2980%	1h	0.02329	−0.280%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0018%	4h	0.02331	−0.211%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02331	−0.227%	$398K	$214K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02330	−0.257%	$2.5M	$4.1M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02327	−0.368%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02329	−0.300%	$479K	$1.9M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02336	long leg	$216K	$129K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02329	−0.300%	$708K	$275K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02332	−0.171%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02332	−0.171%	$656K	$619K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02333	−0.128%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0144%	4h	0.02334	−0.086%	$123K	$92K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02330	−0.270%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02329	−0.306%	—	—	—	as long as short