Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h —

Price spread now: Binance against Reya+0.257%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.257% dearer against Reya than usual: you sell high and buy low (spread +0.257% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AIXBTRUSDPERP	0.02310	0.0372	pay 0.0047% / 1h	55m 05s	—	—	—
Short	Binance AIXBTUSDT	0.02316	0.0100	get 0.0050% / 4h	3h 55m	$2.4M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee BinancebpOrdersPrice spread, now +0.257%Rate

Funding earned: −$57.16
Price spread: +0.257% → 0.000%: $25.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$47.46
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Binance: live order book, 11 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	2.18 bp	26.2 bp −$26	110.4 bp −$1,104	doesn't fit	doesn't fit

Reya: 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_AIXBTUSD	−0.1377%	1h	0.02311	+0.015%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02317	+0.300%	$396K	$207K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02316	+0.257%	$2.4M	$3.3M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02312	+0.049%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02314	+0.157%	$459K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02314	+0.157%	$203K	$82K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02316	+0.243%	$657K	$223K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02313	+0.114%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02316	+0.243%	$677K	$543K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02314	+0.157%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02297	−0.596%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0150%	4h	0.02309	−0.059%	$120K	$77K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02311	+0.010%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02310	long leg	—	—	—