Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1635%/8h= −179.1% APRpaid last 24h −0.235%

Price spread now: Kraken Futures against KuCoin−0.037%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 Kraken Futures

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 against this trade now: funding costs −$49 a day on $10k at the current rate, and Kraken Futures is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AIXBTUSDTM	0.02288	0.0100	pay 0.0050% / 4h	3h 28m	$1.2M	$1.4M	30x
Short	Kraken Futures PF_AIXBTUSD	0.02287	−0.1535	pay 0.0192% / 1h	28m 05s	$19K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$343.39
Price spread: −0.037% → 0.000%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$369.08
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Kraken Futures: 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, 2 min ago	2.19 bp	182.8 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_AIXBTUSDshort	−0.1535%	1h	0.02287	−0.037%	$19K	$7K	10x
Variational Omni AIXBT	+0.0034%	4h	0.02281	−0.321%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02289	+0.026%	$381K	$180K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02288	+0.017%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02285	−0.153%	$1.2M	$975K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02287	−0.044%	$465K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02290	+0.087%	$202K	$98K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02288	0.000%	$474K	$189K	100x	as long as short
KuCoin AIXBTUSDTMlong	+0.0100%	4h	0.02288	long leg	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02291	+0.131%	$642K	$467K	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	0.02287	−0.044%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0155%	4h	0.02282	−0.262%	$119K	$65K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0262% / S −0.0442%	1h	0.02288	−0.013%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02286	−0.103%	—	—	—	as long as short