Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.044%

Price spread now: Gate against GMX+0.004%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 Gate

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02327	L +0.0273% / S −0.0486%	pay 0.0034% / 1h	12m 19s	$5K	—	100x
Short	Gate AIXBT_USDT	0.02327	0.0100	get 0.0050% / 4h	3h 12m	$205K	$84K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$36.31
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.88
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 34 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 Gate live order book, 34 min ago	10.76 bp	61.9 bp −$62	doesn't fit	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	−0.1367%	1h	0.02327	+0.017%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0057%	4h	0.02327	+0.004%	$122K	$79K	50x	as long as short
Variational Omni AIXBT	+0.0081%	4h	0.02323	−0.164%	$102K	$10K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02328	+0.052%	$398K	$208K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02327	+0.004%	$2.5M	$3.5M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02322	−0.206%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02326	−0.039%	$481K	$1.7M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02327	+0.004%	$205K	$84K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02326	−0.039%	$684K	$238K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02328	+0.047%	$1.2M	$1.4M	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	0.02329	+0.090%	$676K	$551K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02327	+0.004%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0273% / S −0.0486%	1h	0.02327	long leg	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02325	−0.087%	—	—	—	as long as short