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 Bitget−0.215%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$440as in the Funding arb table

Net, price: spread back to 7d avg − costs−$441as in the Price arb table

costs, in and out, $10k−$4254.253% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.215%, 7d avg −0.063%

Together, before fees−0.048%−$5 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 0.152% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AIXBTUSDT	0.02323	0.0100	pay 0.0050% / 4h	2h 08m	$649K	$591K	20x
Short	KuCoin AIXBTUSDTM	0.02318	0.0100	get 0.0050% / 4h	2h 08m	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.215%Rate

Funding earned: $0
Price spread: −0.215% → −0.063%: −$15.2
Slippage, 4 orders: −$401.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$440.51
Costs to cover: 4.253%
Break-even: never at this rate

Slippage from Bitget: live order book, 37 min ago; KuCoin: live order book, 2 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, 37 min ago	6.53 bp	28.7 bp −$29	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.31 bp	194.9 bp −$195	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	−0.1396%	1h	0.02307	−0.670%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0031%	4h	0.02309	−0.599%	$100K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0066%	4h	0.02318	−0.215%	$118K	$84K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02318	−0.207%	$395K	$209K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02319	−0.165%	$2.5M	$3.7M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02316	−0.301%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02317	−0.258%	$463K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02319	−0.172%	$226K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02318	−0.215%	$684K	$260K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02318	−0.215%	$1.2M	$1.4M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDTlong	+0.0100%	4h	0.02323	long leg	$649K	$591K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02318	−0.215%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02317	−0.250%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02319	−0.188%	—	—	—	as long as short