Settings8H · net · $10k
Funding arb · Price arb /

AIXBT

all AIXBT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.1853%/8h= +202.9% APRnext payment +$2.32 per $10,000 · paid last 24h +0.395%
Price spread now: GMX against Kraken Futures+0.115%54s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and GMX is 0.115% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_AIXBTUSD0.02327−0.1368get 0.0171% / 1h29m 25s$19K$5K10x
ShortGMX AIXBT/USD [ETH-USDC]0.02330L +0.0273% / S −0.0486%get 0.0061% / 1h29m 25s$5K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$389.2
Price spread: +0.115% → 0.000%
$11.52
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$378.72
Costs to cover
0.220%
Break-even
0.2 days
Slippage unknown: Kraken Futures: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell GMX no order-book sample
Kraken Futures and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AIXBTUSDlong−0.1368%1h0.02327long leg$19K$5K10x
Hyperliquid AIXBT+0.0100%1h0.02328+0.025%$398K$208K3xas long as short
Binance AIXBTUSDT+0.0100%4h0.02329+0.081%$2.4M$3.4M50xas long as short
Bybit AIXBTUSDT+0.0100%4h0.02328+0.042%$1.2M$1.1M25xas long as short
OKX AIXBT-USDT-SWAP+0.0100%4h0.02328+0.042%$479K$1.7M20xas long as short
Gate AIXBT_USDT+0.0100%4h0.02328+0.042%$205K$83K25xas long as short
MEXC AIXBT_USDT+0.0100%4h0.02330+0.128%$682K$236K100xas long as short
KuCoin AIXBTUSDTM+0.0100%4h0.02324−0.130%$1.2M$1.4M30xas long as short
Bitget AIXBTUSDT+0.0100%4h0.02331+0.171%$680K$547K20xas long as short
BingX AIXBT-USDT+0.0100%4h0.02330+0.128%$6.6Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AIXBT+0.0100%4h0.02325−0.104%$102K$10Kas long as short
BloFin AIXBT-USDT+0.0125%4h0.02327−0.001%$122K$78K50xas long as short
GMX AIXBT/USD [ETH-USDC]shortL +0.0273% / S −0.0486%1h0.02330+0.115%$5K100x
Reya AIXBTRUSDPERP+0.0372%1h0.02327+0.013%as long as short