Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.087%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$393as in the Funding arb table

Net, price: spread back to 7d avg − costs−$397as in the Price arb table

costs, in and out, $10k−$4044.038% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.087%, 7d avg +0.019%

Together, before fees+0.110%+$11 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: OKX is 0.069% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AIXBTUSDTM	0.02290	0.0100	pay 0.0050% / 4h	3h 35m	$1.1M	$1.5M	30x
Short	OKX AIXBT-USDT-SWAP	0.02292	0.0100	get 0.0050% / 4h	3h 35m	$460K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.019%: $6.88
Slippage, 4 orders: −$381.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$396.91
Costs to cover: 4.038%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; OKX: live order book, 1 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, 10 min ago	4.35 bp	176.1 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.18 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit

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	−0.2440%	1h	0.02291	+0.052%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0064%	4h	0.02298	+0.349%	$121K	$90K	50x	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02289	−0.060%	$99K	$12K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02295	+0.210%	$405K	$233K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02292	+0.106%	$2.5M	$4.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02289	−0.052%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02292	+0.087%	$460K	$1.9M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02295	+0.218%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02293	+0.131%	$688K	$285K	100x	as long as short
KuCoin AIXBTUSDTMlong	+0.0100%	4h	0.02290	long leg	$1.1M	$1.5M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02295	+0.218%	$656K	$639K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02294	+0.175%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02293	+0.109%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02293	+0.115%	—	—	—	as long as short