Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0386%/8h= +42.2% APRpaid last 24h +0.100%

Price spread now: GMX against KuCoin−0.154%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.154% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 32 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AIXBTUSDTM	0.02267	0.0100	pay 0.0050% / 4h	1h 59m	$1.2M	$1.4M	30x
Short	GMX AIXBT/USD [ETH-USDC]	0.02263	L +0.0270% / S −0.0486%	get 0.0061% / 1h	59m 43s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.154%Rate

Funding earned: $81
Price spread: −0.154% → 0.000%: −$15.44
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $41.56
Costs to cover: 0.240%
Break-even: 3.4 days

Slippage unknown: KuCoin: live order book, 6 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 6 min ago	4.41 bp	279.0 bp −$279	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 13 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	−0.1562%	1h	0.02265	−0.100%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0088%	4h	0.02263	−0.194%	$99K	$10K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02269	+0.071%	$387K	$208K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02267	0.000%	$2.4M	$3.1M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02264	−0.132%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02268	+0.044%	$445K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02268	+0.044%	$201K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02266	−0.044%	$438K	$191K	100x	as long as short
KuCoin AIXBTUSDTMlong	+0.0100%	4h	0.02267	long leg	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02268	+0.044%	$642K	$507K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02267	0.000%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0270% / S −0.0486%	1h	0.02263	−0.154%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02264	−0.127%	—	—	—	as long as short