Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1645%/8h= +180.1% APRpaid last 24h +0.235%

Price spread now: Binance against Kraken Futures−0.068%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Binance is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$49 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AIXBTUSD	0.02273	−0.1545	get 0.0193% / 1h	57m 44s	$18K	$7K	10x
Short	Binance AIXBTUSDT	0.02271	0.0100	get 0.0050% / 4h	3h 57m	$2.4M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $345.46
Price spread: −0.068% → 0.000%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $318.68
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 8 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	2.21 bp	27.0 bp −$27	98.6 bp −$986	doesn't fit	doesn't fit

Kraken Futures: 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_AIXBTUSDlong	−0.1545%	1h	0.02273	long leg	$18K	$7K	10x
Variational Omni AIXBT	+0.0100%	4h	0.02268	−0.213%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02273	+0.025%	$377K	$181K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02271	−0.068%	$2.4M	$2.9M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02268	−0.200%	$1.2M	$983K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02269	−0.156%	$460K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02270	−0.112%	$202K	$96K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02271	−0.068%	$461K	$185K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02271	−0.068%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02275	+0.108%	$640K	$462K	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	0.02271	−0.068%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0109%	4h	0.02271	−0.068%	$118K	$64K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02271	−0.050%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02269	−0.170%	—	—	—	as long as short