Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.2540%/8h= +278.1% APRpaid last 24h +0.380%

Price spread now: BingX against Kraken Futures+0.089%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on BingX

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

Both sides work for this trade now. Funding pays +$76 a day on $10k at the current rate, and BingX is 0.089% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AIXBTUSD	0.02291	−0.2440	get 0.0305% / 1h	55m 13s	$19K	$5K	10x
Short	BingX AIXBT-USDT	0.02293	0.0100	get 0.0050% / 4h	3h 55m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $533.4
Price spread: +0.089% → 0.000%: $8.86
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $522.26
Costs to cover: 0.200%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 12 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 BingX live order book, 12 min ago	2.18 bp	19.3 bp −$19	83.8 bp −$838	503.7 bp −$50.4K	828.3 bp −$414.2K

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	−0.2440%	1h	0.02291	long leg	$19K	$5K	10x
Variational Omni AIXBT	+0.0048%	4h	0.02292	+0.028%	$99K	$12K	—	as long as short
BloFin AIXBT-USDT	+0.0098%	4h	0.02291	+0.001%	$94K	$92K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02294	+0.110%	$406K	$231K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02293	+0.089%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02291	+0.001%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02292	+0.045%	$462K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02294	+0.132%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02292	+0.045%	$701K	$282K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02292	+0.045%	$1.1M	$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	0.02294	+0.132%	$656K	$643K	20x	as long as short
BingX AIXBT-USDTshort	+0.0100%	4h	0.02293	+0.089%	—	$6.6M	—
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02293	+0.080%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02292	+0.051%	—	—	—	as long as short