Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.088%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$465as in the Funding arb table

Net, price: spread back to 7d avg − costs−$493as in the Price arb table

costs, in and out, $10k−$4834.833% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.088%, 7d avg +0.006%

Together, before fees+0.241%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.094% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AIXBTUSDTM	0.02270	0.0100	pay 0.0050% / 4h	3h 38m	$1.2M	$1.4M	30x
Short	BingX AIXBT-USDT	0.02268	0.0100	get 0.0050% / 4h	3h 38m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.006%: −$9.39
Slippage, 4 orders: −$461.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$492.67
Costs to cover: 4.833%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; BingX: live order book, 9 min ago.

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 KuCoin live order book, 7 min ago	2.20 bp	265.8 bp −$266	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.21 bp	19.3 bp −$19	78.5 bp −$785	650.1 bp −$65.0K	1027.9 bp −$513.9K

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_AIXBTUSD	−0.1549%	1h	0.02267	−0.128%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0001%	4h	0.02271	+0.029%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02270	−0.004%	$378K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02269	−0.044%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02265	−0.207%	$1.2M	$971K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02266	−0.176%	$458K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02269	−0.044%	$201K	$97K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02268	−0.088%	$471K	$188K	100x	as long as short
KuCoin AIXBTUSDTMlong	+0.0100%	4h	0.02270	long leg	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02271	+0.044%	$639K	$463K	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-USDTshort	+0.0100%	4h	0.02268	−0.088%	—	$6.6M	—
BloFin AIXBT-USDT	+0.0124%	4h	0.02268	−0.088%	$119K	$65K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0489%	1h	0.02270	−0.018%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02267	−0.125%	—	—	—	as long as short