Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.099%

Price spread now: GMX against Gate−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02264	0.0100	pay 0.0050% / 4h	6m 22s	$201K	$96K	25x
Short	GMX AIXBT/USD [ETH-USDC]	0.02263	L +0.0270% / S −0.0489%	get 0.0061% / 1h	6m 22s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $81.63
Price spread: −0.027% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $51.98
Costs to cover: 0.270%
Break-even: 2.5 days

Slippage unknown: Gate: live order book, 65 min ago; GMX: no order-book sample. Net counts fees only.

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, 65 min ago	4.45 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1245%	1h	0.02266	+0.068%	$18K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0060%	4h	0.02267	+0.133%	$119K	$64K	50x	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02259	−0.212%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02265	+0.049%	$375K	$181K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02263	−0.044%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02260	−0.177%	$1.2M	$981K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02261	−0.133%	$461K	$1.5M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02264	long leg	$201K	$96K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02263	−0.044%	$457K	$187K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02263	−0.044%	$1.2M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02263	−0.044%	$637K	$460K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02263	−0.044%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0270% / S −0.0489%	1h	0.02263	−0.027%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02262	−0.091%	—	—	—	as long as short