Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.3088%/8h= −338.2% APRpaid last 24h −0.340%

Price spread now: Kraken Futures against BingX−0.124%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$93 a day on $10k at the current rate, and Kraken Futures is 0.124% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02326	0.0100	pay 0.0050% / 4h	1h 26m	—	$6.6M	—
Short	Kraken Futures PF_AIXBTUSD	0.02323	−0.2988	pay 0.0374% / 1h	26m 44s	$19K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$648.53
Price spread: −0.124% → 0.000%: −$12.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$680.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; Kraken Futures: 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, 5 min ago	2.16 bp	21.7 bp −$22	77.4 bp −$774	696.8 bp −$69.7K	1009.0 bp −$504.5K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_AIXBTUSDshort	−0.2988%	1h	0.02323	−0.124%	$19K	$5K	10x
Variational Omni AIXBT	−0.0020%	4h	0.02316	−0.447%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02335	+0.374%	$397K	$210K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02330	+0.163%	$2.5M	$4.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02327	+0.043%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02331	+0.215%	$479K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02326	0.000%	$212K	$126K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02329	+0.129%	$699K	$264K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02326	0.000%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02333	+0.301%	$650K	$612K	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	0.02326	long leg	—	$6.6M	—
BloFin AIXBT-USDT	+0.0104%	4h	0.02323	−0.129%	$123K	$91K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02325	−0.039%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02318	−0.327%	—	—	—	as long as short