Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.044%

Price spread now: Bybit against GMX−0.048%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 Bybit

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 −$5 a day on $10k at the current rate, and Bybit is 0.048% cheaper against GMX than usual: you would sell low and buy high (−$5 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]	0.02299	L +0.0272% / S −0.0486%	pay 0.0034% / 1h	1m 51s	$5K	—	100x
Short	Bybit AIXBTUSDT	0.02298	0.0100	get 0.0050% / 4h	1m 51s	$1.2M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$36.02
Price spread: −0.048% → 0.000%: −$4.78
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.8
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	6.56 bp	28.2 bp −$28	199.0 bp −$1,990	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	−0.1279%	1h	0.02298	−0.032%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0053%	4h	0.02301	+0.083%	$120K	$78K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02306	+0.304%	$394K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02303	+0.157%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02298	−0.048%	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02302	+0.126%	$454K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02298	−0.048%	$201K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02300	+0.039%	$652K	$232K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02299	−0.004%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02304	+0.213%	$674K	$548K	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	0.02298	−0.048%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02288	−0.478%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0272% / S −0.0486%	1h	0.02299	long leg	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02298	−0.064%	—	—	—	as long as short