Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.047%

Price spread now: BloFin against GMX−0.149%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.149% cheaper against GMX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02279	L +0.0271% / S −0.0486%	pay 0.0034% / 1h	36m 46s	$5K	—	100x
Short	BloFin AIXBT-USDT	0.02276	0.0084	get 0.0042% / 4h	1h 36m	$117K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$39.21
Price spread: −0.149% → 0.000%: −$14.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.12
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 73 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 BloFin live order book, 73 min ago	4.40 bp	28.9 bp −$29	78.2 bp −$782	doesn't fit	doesn't fit

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	−0.1156%	1h	0.02277	−0.095%	$18K	$7K	10x	as long as short
BloFin AIXBT-USDTshort	+0.0084%	4h	0.02276	−0.149%	$117K	$72K	50x
Hyperliquid AIXBT	+0.0100%	1h	0.02282	+0.097%	$390K	$198K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02280	+0.007%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02277	−0.105%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02282	+0.114%	$447K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02279	−0.018%	$201K	$100K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02279	−0.018%	$519K	$202K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02279	−0.018%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02283	+0.158%	$651K	$518K	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	0.02279	−0.018%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02276	−0.169%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0271% / S −0.0486%	1h	0.02279	long leg	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02278	−0.046%	—	—	—	as long as short