Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against MEXC−0.089%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.089%, 7d avg −0.005%

Together, before fees+0.032%+$3 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 0.084% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02244	0.0100	pay 0.0050% / 4h	1h 09m	$446K	$187K	100x
Short	BingX AIXBT-USDT	0.02242	0.0100	get 0.0050% / 4h	1h 09m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.005%: −$8.37
Slippage, 4 orders: −$52.12
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.49
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from MEXC: live order book, 65 min ago; BingX: live order book, 8 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 MEXC live order book, 65 min ago	2.22 bp	12.5 bp −$12	43.4 bp −$434	130.6 bp −$13.1K	190.5 bp −$95.3K
Sell BingX live order book, 8 min ago	2.22 bp	17.7 bp −$18	47.3 bp −$473	591.3 bp −$59.1K	983.5 bp −$491.7K

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	−0.0903%	1h	0.02244	−0.011%	$20K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02245	+0.036%	$372K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02243	−0.033%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02242	−0.107%	$1.2M	$966K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02242	−0.089%	$449K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02245	+0.045%	$192K	$80K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02244	long leg	$446K	$187K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02243	−0.045%	$1.1M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02246	+0.089%	$640K	$456K	20x	as long as short
BingX AIXBT-USDTshort	+0.0100%	4h	0.02242	−0.089%	—	$6.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02243	−0.036%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0111%	4h	0.02241	−0.134%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02243	−0.036%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.091%	—	—	—	as long as short