Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Binance−0.089%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.089%, 7d avg −0.001%

Together, before fees−0.027%−$3 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: OKX is 0.088% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02244	0.0100	pay 0.0050% / 4h	1h 47m	$2.3M	$2.9M	50x
Short	OKX AIXBT-USDT-SWAP	0.02242	0.0100	get 0.0050% / 4h	1h 47m	$448K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.001%: −$8.78
Slippage, 4 orders: −$87.08
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$115.87
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; OKX: 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, 3 min ago	2.23 bp	23.3 bp −$23	133.5 bp −$1,335	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	4.47 bp	27.8 bp −$28	doesn't fit	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	−0.0903%	1h	0.02244	+0.008%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0025%	4h	0.02238	−0.276%	$98K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0092%	4h	0.02241	−0.134%	$118K	$63K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02244	+0.018%	$372K	$178K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02244	long leg	$2.3M	$2.9M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02241	−0.134%	$1.2M	$957K	25x	as long as short
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02242	−0.089%	$448K	$1.5M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02242	−0.089%	$192K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02244	0.000%	$443K	$184K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02243	−0.045%	$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	0.02247	+0.134%	$639K	$455K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02241	−0.134%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02243	−0.058%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.107%	—	—	—	as long as short