Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h —

Price spread now: Reya against GMX−0.027%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.027% cheaper against GMX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02320	L +0.0248% / S −0.0698%	pay 0.0031% / 1h	31m 23s	$3K	—	100x
Short	Reya AIXBTRUSDPERP	0.02320	0.0372	get 0.0047% / 1h	31m 23s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.027%Rate

Funding earned: $26.09
Price spread: −0.027% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $5.44
Costs to cover: 0.180%
Break-even: 5.5 days

Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

GMX and Reya: 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	−0.2994%	1h	0.02319	−0.077%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0043%	4h	0.02330	+0.413%	$101K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0044%	4h	0.02321	+0.022%	$124K	$94K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02323	+0.095%	$395K	$210K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02321	+0.022%	$2.5M	$4.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02317	−0.155%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02320	−0.022%	$477K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02321	+0.022%	$211K	$126K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02320	−0.022%	$680K	$262K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02322	+0.065%	$1.2M	$1.5M	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	0.02323	+0.108%	$650K	$609K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02320	−0.022%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0248% / S −0.0698%	1h	0.02320	long leg	$3K	—	100x
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02320	−0.027%	—	—	—