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: Bybit against Gate−0.567%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$1891.893% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.517%+$52 · spread now −0.567%, 7d avg −0.057%

Together, before fees+0.490%+$49 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: Bybit is 0.510% cheaper against Gate than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02294	0.0100	pay 0.0050% / 4h	3h 19m	$203K	$98K	25x
Short	Bybit AIXBTUSDT	0.02281	0.0100	get 0.0050% / 4h	3h 19m	$1.2M	$973K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.567%Rate

Funding earned: $0
Price spread: −0.567% → −0.057%: −$51
Slippage, 4 orders: −$163.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$240.29
Costs to cover: 1.893%
Break-even: never at this rate

Slippage from Gate: live order book, 47 min ago; Bybit: 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 Gate live order book, 47 min ago	6.62 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.37 bp	29.4 bp −$29	189.9 bp −$1,899	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	−0.1537%	1h	0.02285	−0.409%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0039%	4h	0.02287	−0.322%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02292	−0.096%	$386K	$183K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02283	−0.480%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02281	−0.567%	$1.2M	$973K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02282	−0.523%	$469K	$1.5M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02294	long leg	$203K	$98K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02290	−0.174%	$461K	$191K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02292	−0.087%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02288	−0.262%	$641K	$474K	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	0.02291	−0.131%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0127%	4h	0.02284	−0.436%	$119K	$66K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0263% / S −0.0442%	1h	0.02292	−0.087%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02289	−0.200%	—	—	—	as long as short