Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.160%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.160%, 7d avg −0.060%

Together, before fees+0.063%+$6 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: Bybit is 0.100% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02251	0.0100	pay 0.0050% / 4h	2h 47m	$2.3M	$3.1M	50x
Short	Bybit AIXBTUSDT	0.02247	0.0100	get 0.0050% / 4h	2h 47m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.060%: −$9.99
Slippage, 4 orders: −$91.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122.82
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	4.41 bp	27.0 bp −$27	140.6 bp −$1,406	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	8.83 bp	28.6 bp −$29	190.9 bp −$1,909	doesn't fit	doesn't fit

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	−0.1574%	1h	0.02248	−0.133%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0112%	4h	0.02258	+0.318%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0069%	4h	0.02269	+0.800%	$120K	$72K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02252	+0.049%	$381K	$197K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02251	long leg	$2.3M	$3.1M	50x
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02247	−0.160%	$1.2M	$1.0M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02248	−0.133%	$458K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02250	−0.044%	$199K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02250	−0.044%	$436K	$195K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02252	+0.044%	$1.2M	$1.4M	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	0.02256	+0.222%	$638K	$488K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02251	0.000%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0486%	1h	0.02251	−0.013%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02251	−0.015%	—	—	—	as long as short