Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.098%

Price spread now: GMX against BingX−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.027% cheaper against BingX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02244	0.0100	pay 0.0050% / 4h	1h 07m	—	$6.6M	—
Short	GMX AIXBT/USD [ETH-USDC]	0.02243	L +0.0269% / S −0.0489%	get 0.0061% / 1h	7m 00s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $81.63
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $56.96
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: BingX: live order book, 10 min ago; GMX: no order-book sample. 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 BingX live order book, 10 min ago	2.22 bp	18.8 bp −$19	105.9 bp −$1,059	657.0 bp −$65.7K	1000.5 bp −$500.2K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0903%	1h	0.02244	+0.016%	$20K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02246	+0.098%	$372K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02244	+0.003%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02241	−0.134%	$1.2M	$966K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02243	−0.045%	$450K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02245	+0.045%	$192K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02244	0.000%	$446K	$187K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02243	−0.045%	$1.1M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02246	+0.089%	$640K	$457K	20x	as long as short
BingX AIXBT-USDTlong	+0.0100%	4h	0.02244	long leg	—	$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	0.02243	−0.036%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0110%	4h	0.02245	+0.045%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0269% / S −0.0489%	1h	0.02243	−0.027%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02242	−0.080%	—	—	—	as long as short