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: Bybit against BingX−0.229%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1121.123% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.186%+$19 · spread now −0.229%, 7d avg −0.048%

Together, before fees+0.165%+$17 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 0.180% cheaper against BingX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02361	0.0100	pay 0.0050% / 4h	1h 58m	—	$6.6M	—
Short	Bybit AIXBTUSDT	0.02356	0.0100	get 0.0050% / 4h	1h 58m	$1.2M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.229%Rate

Funding earned: $0
Price spread: −0.229% → −0.048%: −$18.03
Slippage, 4 orders: −$91.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130.29
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 3 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 BingX live order book, 9 min ago	2.15 bp	20.3 bp −$20	119.0 bp −$1,190	519.8 bp −$52.0K	815.9 bp −$408.0K
Sell Bybit live order book, 3 min ago	4.27 bp	36.9 bp −$37	221.9 bp −$2,219	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	−0.2950%	1h	0.02353	−0.322%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0028%	4h	0.02343	−0.760%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02359	−0.068%	$402K	$210K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02359	−0.077%	$2.5M	$3.9M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02356	−0.229%	$1.2M	$1.2M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02358	−0.127%	$498K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02366	+0.212%	$210K	$121K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02357	−0.169%	$692K	$258K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02366	+0.212%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02361	0.000%	$665K	$603K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDTlong	+0.0100%	4h	0.02361	long leg	—	$6.6M	—
BloFin AIXBT-USDT	+0.0135%	4h	0.02359	−0.085%	$121K	$97K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0266% / S −0.0442%	1h	0.02358	−0.119%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02365	+0.184%	—	—	—	as long as short