Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.092%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.092%, 7d avg −0.062%

Together, before fees+0.023%+$2 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: Bybit is 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02293	0.0100	pay 0.0050% / 4h	0m 28s	$709K	$284K	100x
Short	Bybit AIXBTUSDT	0.02291	0.0100	get 0.0050% / 4h	0m 28s	$1.2M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.062%: −$2.94
Slippage, 4 orders: −$69.84
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.78
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from MEXC: live order book, 25 min ago; Bybit: live order book, 5 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, 25 min ago	2.19 bp	10.7 bp −$11	39.4 bp −$394	122.7 bp −$12.3K	doesn't fit
Sell Bybit live order book, 5 min ago	4.36 bp	28.7 bp −$29	186.4 bp −$1,864	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	−0.0891%	1h	0.02290	−0.109%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0021%	4h	0.02290	−0.123%	$99K	$12K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02296	+0.140%	$408K	$230K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02293	+0.002%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02291	−0.092%	$1.2M	$1.3M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02292	−0.044%	$463K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02295	+0.087%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02293	long leg	$709K	$284K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02294	+0.044%	$1.1M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02295	+0.087%	$657K	$642K	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	0.02293	0.000%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0131%	4h	0.02294	+0.044%	$120K	$92K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02295	+0.078%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02292	−0.035%	—	—	—	as long as short