Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.043%

Price spread now: KuCoin against GMX+0.070%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 KuCoin

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. KuCoin is 0.070% dearer against GMX than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02293	L +0.0271% / S −0.0486%	pay 0.0034% / 1h	12m 07s	$5K	—	100x
Short	KuCoin AIXBTUSDTM	0.02295	0.0100	get 0.0050% / 4h	1h 12m	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$35.93
Price spread: +0.070% → 0.000%: $6.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.96
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.18 bp	179.6 bp −$180	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	−0.1148%	1h	0.02292	−0.055%	$19K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02294	+0.031%	$394K	$203K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02292	−0.061%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02290	−0.153%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02290	−0.148%	$451K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02296	+0.113%	$202K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02293	−0.017%	$628K	$219K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02295	+0.070%	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02296	+0.113%	$659K	$528K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02291	−0.105%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02299	+0.246%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0101%	4h	0.02296	+0.113%	$120K	$76K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0271% / S −0.0486%	1h	0.02293	long leg	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02292	−0.057%	—	—	—	as long as short