Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.044%

Price spread now: BingX against GMX+0.092%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BingX

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

The price spread pays, funding is against you. BingX is 0.092% dearer against GMX than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02274	L +0.0271% / S −0.0486%	pay 0.0034% / 1h	21m 08s	$5K	—	100x
Short	BingX AIXBT-USDT	0.02276	0.0100	get 0.0050% / 4h	2h 21m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$35.91
Price spread: +0.092% → 0.000%: $9.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.68
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 16 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 16 min ago	2.20 bp	20.9 bp −$21	88.7 bp −$887	518.3 bp −$51.8K	834.8 bp −$417.4K

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	−0.1422%	1h	0.02264	−0.421%	$18K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0119%	4h	0.02251	−1.023%	$97K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02280	+0.268%	$390K	$207K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02276	+0.090%	$2.4M	$3.7M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02272	−0.084%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02277	+0.136%	$458K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02274	+0.004%	$216K	$96K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02274	+0.004%	$667K	$255K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02275	+0.048%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02276	+0.092%	$640K	$586K	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-USDTshort	+0.0100%	4h	0.02276	+0.092%	—	$6.6M	—
BloFin AIXBT-USDT	+0.0154%	4h	0.02273	−0.040%	$118K	$82K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0271% / S −0.0486%	1h	0.02274	long leg	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02275	+0.065%	—	—	—	as long as short