Funding arb · Price arb /

AIXBT

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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: KuCoin against BingX+0.215%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$428as in the Funding arb table

Net, price: spread back to 7d avg − costs−$388as in the Price arb table

costs, in and out, $10k−$4104.103% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days−0.258%−$26 · spread now +0.215%, 7d avg −0.006%

Together, before fees−0.436%−$44 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: KuCoin is 0.220% dearer against BingX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02329	0.0100	pay 0.0050% / 4h	1h 17m	—	$6.6M	—
Short	KuCoin AIXBTUSDTM	0.02334	0.0100	get 0.0050% / 4h	1h 17m	$1.2M	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.215%Rate

Funding earned: $0
Price spread: +0.215% → −0.006%: $22.04
Slippage, 4 orders: −$388.32
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$388.28
Costs to cover: 4.103%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 8 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, 5 min ago	2.14 bp	16.9 bp −$17	88.0 bp −$880	659.2 bp −$65.9K	1004.1 bp −$502.0K
Sell KuCoin live order book, 8 min ago	4.27 bp	204.5 bp −$204	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	−0.2976%	1h	0.02332	+0.150%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0035%	4h	0.02332	+0.133%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02330	+0.043%	$397K	$211K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02327	−0.091%	$2.5M	$4.1M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02324	−0.210%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02328	−0.043%	$479K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02331	+0.086%	$213K	$127K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02326	−0.129%	$698K	$268K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02334	+0.215%	$1.2M	$1.5M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02332	+0.129%	$650K	$613K	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	0.02329	long leg	—	$6.6M	—
BloFin AIXBT-USDT	+0.0141%	4h	0.02337	+0.343%	$122K	$92K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02330	+0.060%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02328	−0.037%	—	—	—	as long as short