Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.2312%/8h= +253.2% APRnext payment +$2.89 per $10,000 · paid last 24h —

Price spread now: Reya against Kraken Futures−0.063%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 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 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$69 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AIXBTUSD	0.02235	−0.1940	get 0.0243% / 1h	4m 54s	$19K	$7K	10x
Short	Reya AIXBTRUSDPERP	0.02234	0.0372	get 0.0047% / 1h	4m 54s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.063%Rate

Funding earned: $485.6
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $463.27
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Kraken Futures 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_AIXBTUSDlong	−0.1940%	1h	0.02235	long leg	$19K	$7K	10x
Variational Omni AIXBT	−0.0075%	4h	0.02229	−0.265%	$98K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02237	+0.062%	$371K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02235	−0.037%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02231	−0.180%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02233	−0.104%	$447K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02237	+0.075%	$192K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02234	−0.059%	$457K	$185K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02236	+0.030%	$1.1M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02237	+0.075%	$635K	$459K	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	0.02233	−0.104%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0157%	4h	0.02236	+0.030%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02235	+0.008%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02234	−0.063%	—	—	—