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 OKX+0.179%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1221.215% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.179%, 7d avg +0.076%

Together, before fees−0.184%−$18 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 0.103% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02237	0.0100	pay 0.0050% / 4h	2h 36m	$447K	$1.5M	20x
Short	Bitget AIXBTUSDT	0.02241	0.0100	get 0.0050% / 4h	2h 36m	$635K	$457K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.076%: $10.26
Slippage, 4 orders: −$99.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$111.26
Costs to cover: 1.215%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 49 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 OKX live order book, 1 min ago	2.23 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 49 min ago	6.65 bp	30.6 bp −$31	101.7 bp −$1,017	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	−0.1937%	1h	0.02239	+0.097%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0193%	4h	0.02233	−0.201%	$98K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0046%	4h	0.02240	+0.134%	$119K	$63K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02241	+0.156%	$372K	$180K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02239	+0.082%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02238	+0.045%	$1.2M	$959K	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02237	long leg	$447K	$1.5M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02240	+0.134%	$192K	$79K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02239	+0.089%	$461K	$179K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02241	+0.179%	$1.1M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02241	+0.179%	$635K	$457K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02239	+0.089%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02241	+0.156%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02238	+0.064%	—	—	—	as long as short