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: MEXC against BingX+0.085%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$680.683% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.085%, 7d avg +0.005%

Together, before fees−0.038%−$4 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: MEXC is 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02348	0.0100	pay 0.0050% / 4h	1h 44m	—	$6.6M	—
Short	MEXC AIXBT_USDT	0.02350	0.0100	get 0.0050% / 4h	1h 44m	$689K	$261K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.005%: $7.98
Slippage, 4 orders: −$54.28
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$60.3
Costs to cover: 0.683%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 51 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, 7 min ago	2.14 bp	18.9 bp −$19	79.9 bp −$799	649.9 bp −$65.0K	944.2 bp −$472.1K
Sell MEXC live order book, 51 min ago	2.19 bp	11.8 bp −$12	55.3 bp −$553	132.2 bp −$13.2K	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	−0.2959%	1h	0.02346	−0.072%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0016%	4h	0.02333	−0.635%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02351	+0.145%	$400K	$212K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02349	+0.043%	$2.5M	$4.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02344	−0.170%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02349	+0.043%	$486K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02350	+0.085%	$208K	$123K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02350	+0.085%	$689K	$261K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02349	+0.043%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02351	+0.128%	$659K	$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	0.02348	long leg	—	$6.6M	—
BloFin AIXBT-USDT	+0.0139%	4h	0.02344	−0.170%	$124K	$98K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0249% / S −0.0698%	1h	0.02350	+0.077%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02345	−0.112%	—	—	—	as long as short