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: OKX against MEXC−0.043%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.043%, 7d avg −0.003%

Together, before fees+0.026%+$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: OKX is 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02325	0.0100	pay 0.0050% / 4h	3h 29m	$680K	$236K	100x
Short	OKX AIXBT-USDT-SWAP	0.02324	0.0100	get 0.0050% / 4h	3h 29m	$478K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.003%: −$3.99
Slippage, 4 orders: −$74.84
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.83
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from MEXC: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago	2.15 bp	13.7 bp −$14	55.6 bp −$556	129.3 bp −$12.9K	doesn't fit
Sell OKX live order book, 2 min ago	4.30 bp	33.3 bp −$33	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	−0.1368%	1h	0.02327	+0.087%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02329	+0.151%	$398K	$208K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02325	0.000%	$2.4M	$3.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02321	−0.151%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02324	−0.043%	$478K	$1.7M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02324	−0.043%	$205K	$83K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02325	long leg	$680K	$236K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02324	−0.043%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02329	+0.172%	$679K	$547K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02325	0.000%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02325	−0.017%	$102K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0125%	4h	0.02327	+0.086%	$122K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0273% / S −0.0486%	1h	0.02329	+0.189%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02330	+0.197%	—	—	—	as long as short