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: MEXC against OKX+0.044%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.044%, 7d avg +0.001%

Together, before fees−0.198%−$20 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: MEXC is 0.043% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02297	0.0100	pay 0.0050% / 4h	1h 31m	$454K	$1.6M	20x
Short	MEXC AIXBT_USDT	0.02298	0.0100	get 0.0050% / 4h	1h 31m	$579K	$208K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.001%: $4.29
Slippage, 4 orders: −$76.11
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$85.82
Costs to cover: 0.901%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 19 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	4.38 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 19 min ago	2.20 bp	14.3 bp −$14	67.1 bp −$671	131.8 bp −$13.2K	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	−0.1148%	1h	0.02293	−0.190%	$19K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0065%	4h	0.02293	−0.174%	$118K	$73K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02301	+0.161%	$394K	$199K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02299	+0.087%	$2.4M	$3.1M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02295	−0.087%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02297	long leg	$454K	$1.6M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02299	+0.087%	$203K	$100K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02298	+0.044%	$579K	$208K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02296	−0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02301	+0.174%	$656K	$509K	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	0.02298	+0.044%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02284	−0.585%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02296	−0.026%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02295	−0.093%	—	—	—	as long as short