Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0114%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h —

Price spread now: GMX against Reya−0.051%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 GMX

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

Funding pays, the price is against you. GMX is 0.051% cheaper against Reya than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AIXBTRUSDPERP	0.02317	0.0372	pay 0.0047% / 1h	49m 15s	—	—	—
Short	GMX AIXBT/USD [ETH-USDC]	0.02316	L +0.0272% / S −0.0486%	get 0.0061% / 1h	49m 15s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $23.84
Price spread: −0.051% → 0.000%: −$5.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $0.72
Costs to cover: 0.180%
Break-even: 6.8 days

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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	−0.1373%	1h	0.02317	−0.011%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02320	+0.134%	$395K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02318	+0.039%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02314	−0.146%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02317	−0.017%	$461K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02322	+0.199%	$203K	$82K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02318	+0.027%	$689K	$229K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02321	+0.156%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02321	+0.156%	$679K	$542K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02320	+0.113%	—	$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	0.02319	+0.074%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0132%	4h	0.02318	+0.027%	$119K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0272% / S −0.0486%	1h	0.02316	−0.051%	$5K	—	100x
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02317	long leg	—	—	—