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: Bitget against MEXC0.000%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$760.759% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now 0.000%, 7d avg +0.079%

Together, before fees+0.007%+$1 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: Bitget is 0.079% 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 +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02268	0.0100	pay 0.0050% / 4h	55m 52s	$451K	$183K	100x
Short	Bitget AIXBTUSDT	0.02268	0.0100	get 0.0050% / 4h	55m 52s	$646K	$454K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.079%: −$7.89
Slippage, 4 orders: −$59.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$83.77
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from MEXC: live order book, 13 min ago; Bitget: live order book, 19 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, 13 min ago	2.23 bp	10.7 bp −$11	45.7 bp −$457	129.5 bp −$12.9K	doesn't fit
Sell Bitget live order book, 19 min ago	2.22 bp	30.5 bp −$31	86.8 bp −$868	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	−0.1247%	1h	0.02263	−0.226%	$20K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0099%	4h	0.02251	−0.763%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02270	+0.071%	$376K	$180K	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	0.02266	−0.088%	$1.2M	$967K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02269	+0.044%	$456K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02268	0.000%	$194K	$80K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02268	long leg	$451K	$183K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02266	−0.088%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02268	0.000%	$646K	$454K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02265	−0.132%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0104%	4h	0.02255	−0.573%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02265	−0.115%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02263	−0.234%	—	—	—	as long as short