Funding arb · Price arb /

AIXBT

all AIXBT markets

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: Gate against MEXC+0.045%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1691.689% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.045%, 7d avg +0.001%

Together, before fees−0.111%−$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: Gate is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02234	0.0100	pay 0.0050% / 4h	2h 02m	$457K	$185K	100x
Short	Gate AIXBT_USDT	0.02235	0.0100	get 0.0050% / 4h	2h 02m	$192K	$79K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.001%: $4.33
Slippage, 4 orders: −$149.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$164.59
Costs to cover: 1.689%
Break-even: never at this rate

Slippage from MEXC: live order book, 12 min ago; Gate: live order book, 14 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, 12 min ago	2.22 bp	12.5 bp −$12	43.4 bp −$434	130.6 bp −$13.1K	190.5 bp −$95.3K
Sell Gate live order book, 14 min ago	11.10 bp	76.7 bp −$77	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	−0.1941%	1h	0.02234	+0.001%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0075%	4h	0.02229	−0.206%	$98K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02235	+0.045%	$371K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02233	−0.045%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02232	−0.090%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02232	−0.090%	$446K	$1.5M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02235	+0.045%	$192K	$79K	25x
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02234	long leg	$457K	$185K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02235	+0.045%	$1.1M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02235	+0.045%	$635K	$459K	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	0.02233	−0.045%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0151%	4h	0.02236	+0.090%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0268% / S −0.0489%	1h	0.02234	−0.022%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02233	−0.061%	—	—	—	as long as short