Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0386%/8h= +42.2% APRpaid last 24h +0.100%

Price spread now: GMX against OKX+0.022%7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.022% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02274	0.0100	pay 0.0050% / 4h	2h 23m	$443K	$1.6M	20x
Short	GMX AIXBT/USD [ETH-USDC]	0.02275	L +0.0270% / S −0.0486%	get 0.0061% / 1h	23m 17s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $81
Price spread: +0.022% → 0.000%: $2.2
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $61.2
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	4.38 bp	31.1 bp −$31	doesn't fit	doesn't fit	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 13 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	−0.1555%	1h	0.02276	+0.075%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0042%	4h	0.02283	+0.401%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02276	+0.097%	$384K	$199K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02275	+0.062%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02273	−0.035%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02274	long leg	$443K	$1.6M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02281	+0.308%	$202K	$100K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02275	+0.044%	$440K	$198K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02275	+0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02277	+0.132%	$650K	$515K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02279	+0.220%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0270% / S −0.0486%	1h	0.02275	+0.022%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02274	+0.006%	—	—	—	as long as short