Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.174%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1811.805% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.174%, 7d avg −0.003%

Together, before fees+0.268%+$27 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 0.171% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02299	0.0100	pay 0.0050% / 4h	1h 57m	$213K	$140K	25x
Short	OKX AIXBT-USDT-SWAP	0.02295	0.0100	get 0.0050% / 4h	1h 57m	$458K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.003%: −$17.07
Slippage, 4 orders: −$155.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$197.58
Costs to cover: 1.805%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; OKX: live order book, 2 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, 49 min ago	13.02 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.17 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit

AIXBT on 14 exchanges

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	−0.1750%	1h	0.02296	−0.139%	$19K	$4K	10x	as long as short
Variational Omni AIXBT	−0.0055%	4h	0.02290	−0.393%	$99K	$12K	—	as long as short
BloFin AIXBT-USDT	+0.0056%	4h	0.02305	+0.261%	$122K	$78K	50x	as long as short
KuCoin AIXBTUSDTM	+0.0066%	4h	0.02298	−0.043%	$1.1M	$1.5M	30x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02298	−0.035%	$406K	$224K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02297	−0.087%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02293	−0.261%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02295	−0.174%	$458K	$1.9M	20x
Gate AIXBT_USDTlong	+0.0100%	4h	0.02299	long leg	$213K	$140K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02298	−0.043%	$708K	$278K	100x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02298	−0.043%	$608K	$641K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02296	−0.130%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02303	+0.161%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02296	−0.133%	—	—	—	as long as short