Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h —

Price spread now: Bybit against Reya−0.083%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Bybit

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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.083% cheaper against Reya than usual: you would sell low and buy high (−$8 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	Reya AIXBTRUSDPERP	0.02299	0.0372	pay 0.0047% / 1h	11m 00s	—	—	—
Short	Bybit AIXBTUSDT	0.02297	0.0100	get 0.0050% / 4h	3h 11m	$1.2M	$974K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$57.16
Price spread: −0.083% → 0.000%: −$8.26
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$82.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.36 bp	27.5 bp −$27	189.7 bp −$1,897	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	−0.1527%	1h	0.02300	+0.033%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0051%	4h	0.02296	−0.121%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02302	+0.135%	$390K	$186K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02299	+0.005%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02297	−0.083%	$1.2M	$974K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02300	+0.048%	$476K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02301	+0.091%	$203K	$98K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02299	+0.004%	$458K	$193K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02300	+0.048%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02302	+0.135%	$641K	$472K	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	0.02301	+0.091%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0108%	4h	0.02298	−0.039%	$120K	$66K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0263% / S −0.0442%	1h	0.02301	+0.091%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02299	long leg	—	—	—