Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0386%/8h= +42.2% APRpaid last 24h +0.102%

Price spread now: GMX against MEXC−0.160%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.160% cheaper against MEXC than usual: you would sell low and buy high (spread −0.160% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 33 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02316	0.0100	pay 0.0050% / 4h	2h 54m	$687K	$234K	100x
Short	GMX AIXBT/USD [ETH-USDC]	0.02312	L +0.0272% / S −0.0486%	get 0.0061% / 1h	54m 54s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.160%Rate

Funding earned: $81
Price spread: −0.160% → 0.000%: −$15.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $49.03
Costs to cover: 0.160%
Break-even: 2.8 days

Slippage unknown: MEXC: live order book, 46 min ago; GMX: no order-book sample. Net counts fees only.

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, 46 min ago	2.15 bp	13.7 bp −$14	55.6 bp −$556	129.3 bp −$12.9K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1397%	1h	0.02306	−0.450%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0099%	4h	0.02315	−0.061%	$101K	$10K	—	as long as short
Bybit AIXBTUSDT	+0.0044%	4h	0.02312	−0.190%	$1.2M	$1.1M	25x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02318	+0.091%	$396K	$207K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02315	−0.024%	$2.4M	$3.5M	50x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02314	−0.086%	$481K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02312	−0.173%	$213K	$86K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02316	long leg	$687K	$234K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02315	−0.043%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02317	+0.043%	$661K	$563K	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	0.02313	−0.130%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0104%	4h	0.02310	−0.259%	$122K	$81K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0272% / S −0.0486%	1h	0.02312	−0.160%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02311	−0.221%	—	—	—	as long as short