Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.086%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$631as in the Funding arb table

Net, price: spread back to 7d avg − costs−$610as in the Price arb table

costs, in and out, $10k−$6206.202% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days−0.172%−$17 · spread now +0.086%, 7d avg −0.019%

Together, before fees−0.283%−$28 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: KuCoin is 0.104% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02328	0.0100	pay 0.0050% / 4h	2h 59m	$470K	$2.0M	20x
Short	KuCoin AIXBTUSDTM	0.02330	0.0100	get 0.0050% / 4h	2h 59m	$1.2M	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.019%: $10.44
Slippage, 4 orders: −$598.16
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$609.72
Costs to cover: 6.202%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago	4.29 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.15 bp	309.3 bp −$309	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	−0.2404%	1h	0.02326	−0.104%	$19K	$4K	10x	as long as short
BloFin AIXBT-USDT	+0.0069%	4h	0.02332	+0.172%	$122K	$86K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02332	+0.168%	$412K	$232K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02330	+0.070%	$2.5M	$4.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02328	0.000%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02328	long leg	$470K	$2.0M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02331	+0.129%	$216K	$141K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02331	+0.129%	$740K	$281K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02330	+0.086%	$1.2M	$1.5M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02331	+0.129%	$648K	$649K	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	0.02330	+0.086%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02326	−0.083%	$101K	$12K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02332	+0.176%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02331	+0.143%	—	—	—	as long as short