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: Gate against OKX+0.043%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1821.825% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.043%, 7d avg +0.004%

Together, before fees−0.067%−$7 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 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02326	0.0100	pay 0.0050% / 4h	3h 12m	$481K	$1.7M	20x
Short	Gate AIXBT_USDT	0.02327	0.0100	get 0.0050% / 4h	3h 12m	$205K	$84K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.004%: $3.91
Slippage, 4 orders: −$157.49
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$178.58
Costs to cover: 1.825%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 34 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	4.30 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	10.76 bp	61.9 bp −$62	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	−0.1367%	1h	0.02327	+0.056%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0057%	4h	0.02327	+0.043%	$122K	$79K	50x	as long as short
Variational Omni AIXBT	+0.0081%	4h	0.02323	−0.125%	$102K	$10K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02330	+0.163%	$398K	$208K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02327	+0.043%	$2.5M	$3.5M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02322	−0.168%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02326	long leg	$481K	$1.7M	20x
Gate AIXBT_USDTshort	+0.0100%	4h	0.02327	+0.043%	$205K	$84K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02326	0.000%	$684K	$238K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02328	+0.086%	$1.2M	$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 AIXBTUSDT	+0.0100%	4h	0.02329	+0.129%	$676K	$551K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02327	+0.043%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0273% / S −0.0486%	1h	0.02327	+0.039%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02325	−0.048%	—	—	—	as long as short