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: MEXC against Gate−0.216%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1241.237% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.216%, 7d avg 0.000%

Together, before fees+0.192%+$19 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 0.216% cheaper against Gate than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02319	0.0100	pay 0.0050% / 4h	43m 04s	$219K	$134K	25x
Short	MEXC AIXBT_USDT	0.02314	0.0100	get 0.0050% / 4h	43m 04s	$693K	$275K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → 0.000%: −$21.58
Slippage, 4 orders: −$104.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$145.27
Costs to cover: 1.237%
Break-even: never at this rate

Slippage from Gate: live order book, 53 min ago; MEXC: live order book, 48 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, 53 min ago	6.43 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 48 min ago	2.16 bp	15.1 bp −$15	59.7 bp −$597	133.0 bp −$13.3K	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	−0.0884%	1h	0.02309	−0.447%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0011%	4h	0.02313	−0.257%	$100K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0093%	4h	0.02317	−0.086%	$123K	$92K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02317	−0.082%	$411K	$222K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02312	−0.318%	$2.5M	$4.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02301	−0.772%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02305	−0.604%	$474K	$1.9M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02319	long leg	$219K	$134K	25x
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02314	−0.216%	$693K	$275K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02317	−0.086%	$1.2M	$1.5M	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	0.02316	−0.129%	$652K	$630K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02318	−0.043%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02319	+0.017%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02319	+0.004%	—	—	—	as long as short