Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h —

Price spread now: OKX against Reya−0.093%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 OKX

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 OKX is 0.093% cheaper against Reya than usual: you would sell low and buy high (−$9 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	0.02298	0.0372	pay 0.0047% / 1h	38m 26s	—	—	—
Short	OKX AIXBT-USDT-SWAP	0.02296	0.0100	get 0.0050% / 4h	3h 38m	$461K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$57.16
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.47
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	2.18 bp	28.3 bp −$28	doesn't fit	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	−0.2438%	1h	0.02293	−0.225%	$19K	$5K	10x	as long as short
BloFin AIXBT-USDT	+0.0086%	4h	0.02297	−0.050%	$121K	$90K	50x	as long as short
Variational Omni AIXBT	+0.0089%	4h	0.02289	−0.392%	$99K	$12K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02300	+0.098%	$406K	$232K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02297	−0.040%	$2.5M	$4.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02293	−0.224%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02296	−0.093%	$461K	$1.9M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02296	−0.093%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02297	−0.050%	$690K	$285K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02296	−0.093%	$1.1M	$1.5M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02300	+0.081%	$657K	$643K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02295	−0.137%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02297	−0.045%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02298	long leg	—	—	—