Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.043%

Price spread now: MEXC against GMX+0.062%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 MEXC

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. MEXC is 0.062% dearer against GMX than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02273	L +0.0270% / S −0.0489%	pay 0.0034% / 1h	56m 53s	$5K	—	100x
Short	MEXC AIXBT_USDT	0.02274	0.0100	get 0.0050% / 4h	3h 56m	$462K	$185K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$35.7
Price spread: +0.062% → 0.000%: $6.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$45.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 7 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 MEXC live order book, 7 min ago	2.20 bp	14.0 bp −$14	52.1 bp −$521	136.8 bp −$13.7K	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	−0.1544%	1h	0.02275	+0.084%	$18K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0095%	4h	0.02274	+0.062%	$118K	$65K	50x	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02268	−0.216%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02274	+0.079%	$377K	$181K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02272	−0.018%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02272	−0.040%	$1.2M	$983K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02272	−0.026%	$461K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02272	−0.026%	$202K	$96K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02274	+0.062%	$462K	$185K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02274	+0.062%	$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	0.02276	+0.150%	$641K	$462K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02273	+0.018%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0270% / S −0.0489%	1h	0.02273	long leg	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02271	−0.084%	—	—	—	as long as short