Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.2123%/8h= −232.4% APRnext payment −$2.65 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Reya+0.048%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 Kraken Futures

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. Kraken Futures is 0.048% dearer against Reya than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$64 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AIXBTRUSDPERP	0.02295	0.0372	pay 0.0047% / 1h	56m 46s	—	—	—
Short	Kraken Futures PF_AIXBTUSD	0.02296	−0.1750	pay 0.0219% / 1h	56m 46s	$19K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$445.73
Price spread: +0.048% → 0.000%: $4.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$456.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—

Reya and Kraken Futures: 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 exchanges

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_AIXBTUSDshort	−0.1750%	1h	0.02296	+0.048%	$19K	$4K	10x
Variational Omni AIXBT	−0.0055%	4h	0.02290	−0.217%	$99K	$12K	—	as long as short
KuCoin AIXBTUSDTM	+0.0056%	4h	0.02298	+0.134%	$1.1M	$1.5M	30x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02300	+0.234%	$407K	$224K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02299	+0.183%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02295	+0.003%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02298	+0.134%	$459K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02299	+0.177%	$213K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02298	+0.134%	$708K	$278K	100x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02300	+0.221%	$608K	$641K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02297	+0.090%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0142%	4h	0.02297	+0.090%	$121K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02297	+0.099%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02295	long leg	—	—	—