Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1676%/8h= +183.6% APRpaid last 24h +0.257%

Price spread now: KuCoin against Kraken Futures+0.191%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 KuCoin

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 +$50 a day on $10k at the current rate, and KuCoin is 0.191% dearer against Kraken Futures than usual: you sell high and buy low: +$19 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	0.02245	−0.1576	get 0.0197% / 1h	41m 13s	$18K	$7K	10x
Short	KuCoin AIXBTUSDTM	0.02249	0.0100	get 0.0050% / 4h	2h 41m	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.191%Rate

Funding earned: $352.05
Price spread: +0.191% → 0.000%: $19.11
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $349.15
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	2.20 bp	176.3 bp −$176	doesn't fit	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	−0.1576%	1h	0.02245	long leg	$18K	$7K	10x
Variational Omni AIXBT	−0.0063%	4h	0.02244	−0.047%	$98K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0069%	4h	0.02269	+1.082%	$120K	$72K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02248	+0.138%	$380K	$197K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02248	+0.140%	$2.3M	$3.1M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02244	−0.023%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02244	−0.032%	$455K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02247	+0.102%	$198K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02247	+0.102%	$429K	$195K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02249	+0.191%	$1.2M	$1.4M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02249	+0.191%	$635K	$492K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02246	+0.057%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0486%	1h	0.02246	+0.075%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02246	+0.076%	—	—	—	as long as short