Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.087%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1271.267% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.087%, 7d avg −0.058%

Together, before fees+0.119%+$12 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 0.028% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02305	0.0100	pay 0.0050% / 4h	1m 38s	$455K	$1.6M	20x
Short	Bybit AIXBTUSDT	0.02303	0.0100	get 0.0050% / 4h	1m 38s	$1.2M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.058%: −$2.85
Slippage, 4 orders: −$105.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.56
Costs to cover: 1.267%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	2.18 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.56 bp	28.2 bp −$28	199.0 bp −$1,990	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	−0.1279%	1h	0.02298	−0.288%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0053%	4h	0.02301	−0.174%	$120K	$78K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02306	+0.048%	$394K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02304	−0.049%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02303	−0.087%	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02305	long leg	$455K	$1.6M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02301	−0.174%	$202K	$102K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02303	−0.087%	$653K	$232K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02302	−0.130%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02306	+0.043%	$675K	$547K	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	0.02302	−0.130%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02288	−0.733%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02299	−0.256%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02298	−0.320%	—	—	—	as long as short