Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2534%/8h= −277.4% APRpaid last 24h −0.398%

Price spread now: Kraken Futures against OKX−0.129%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$76 a day on $10k at the current rate, and Kraken Futures is 0.129% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02300	0.0100	pay 0.0050% / 4h	3h 47m	$463K	$1.9M	20x
Short	Kraken Futures PF_AIXBTUSD	0.02297	−0.2434	pay 0.0304% / 1h	47m 36s	$19K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$532.05
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$564.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Kraken Futures: 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, 4 min ago	4.36 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 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_AIXBTUSDshort	−0.2434%	1h	0.02297	−0.129%	$19K	$5K	10x
Variational Omni AIXBT	+0.0057%	4h	0.02294	−0.277%	$99K	$12K	—	as long as short
BloFin AIXBT-USDT	+0.0067%	4h	0.02296	−0.174%	$121K	$90K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02306	+0.257%	$407K	$232K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02302	+0.088%	$2.5M	$4.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02299	−0.030%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02300	long leg	$463K	$1.9M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02301	+0.043%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02303	+0.130%	$707K	$282K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02301	+0.043%	$1.1M	$1.5M	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	0.02304	+0.174%	$659K	$644K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02300	0.000%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02304	+0.170%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02300	−0.016%	—	—	—	as long as short