Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.174%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1051.046% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.174%, 7d avg −0.137%

Together, before fees+0.093%+$9 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 0.036% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02304	0.0100	pay 0.0050% / 4h	3h 07m	$641K	$471K	20x
Short	Bybit AIXBTUSDT	0.02300	0.0100	get 0.0050% / 4h	3h 07m	$1.2M	$975K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.137%: −$3.64
Slippage, 4 orders: −$81.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.21
Costs to cover: 1.046%
Break-even: never at this rate

Slippage from Bitget: live order book, 63 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 Bitget live order book, 63 min ago	2.21 bp	17.4 bp −$17	89.6 bp −$896	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.52 bp	32.3 bp −$32	219.7 bp −$2,197	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	−0.1525%	1h	0.02302	−0.072%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0051%	4h	0.02296	−0.342%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02304	+0.004%	$391K	$184K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02301	−0.130%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02300	−0.174%	$1.2M	$975K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02300	−0.174%	$476K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02303	−0.043%	$204K	$98K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02302	−0.087%	$465K	$195K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02302	−0.087%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02304	long leg	$641K	$471K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02301	−0.130%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0104%	4h	0.02304	0.000%	$120K	$71K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0263% / S −0.0442%	1h	0.02304	+0.009%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02300	−0.179%	—	—	—	as long as short