Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.130%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$870.865% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.130%, 7d avg −0.012%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.118% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02312	0.0100	pay 0.0050% / 4h	3h 25m	$2.4M	$3.4M	50x
Short	BingX AIXBT-USDT	0.02309	0.0100	get 0.0050% / 4h	3h 25m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.012%: −$11.76
Slippage, 4 orders: −$66.55
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.31
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BingX: live order book, 12 min ago.

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 Binance live order book, 11 min ago	2.16 bp	25.8 bp −$26	135.1 bp −$1,351	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.16 bp	19.2 bp −$19	86.1 bp −$861	655.8 bp −$65.6K	1040.8 bp −$520.4K

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	−0.1383%	1h	0.02301	−0.465%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02313	+0.052%	$395K	$208K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02312	long leg	$2.4M	$3.4M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02307	−0.216%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02310	−0.087%	$473K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02314	+0.087%	$204K	$84K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02312	0.000%	$676K	$236K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02312	0.000%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02312	0.000%	$672K	$549K	20x	as long as short
BingX AIXBT-USDTshort	+0.0100%	4h	0.02309	−0.130%	—	$6.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02310	−0.083%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0125%	4h	0.02313	+0.043%	$121K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02309	−0.117%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02310	−0.094%	—	—	—	as long as short