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: Binance against Bybit+0.244%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1101.101% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.185%−$18 · spread now +0.244%, 7d avg +0.060%

Together, before fees−0.165%−$17 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: Binance is 0.184% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02307	0.0100	pay 0.0050% / 4h	3h 22m	$1.2M	$1.1M	25x
Short	Binance AIXBTUSDT	0.02312	0.0100	get 0.0050% / 4h	3h 22m	$2.4M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.060%: $18.42
Slippage, 4 orders: −$89.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$91.72
Costs to cover: 1.101%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 13 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 Bybit live order book, 3 min ago	4.34 bp	29.5 bp −$29	434.0 bp −$4,340	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.16 bp	22.8 bp −$23	106.2 bp −$1,062	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	−0.1379%	1h	0.02308	+0.058%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02313	+0.260%	$395K	$207K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02312	+0.244%	$2.4M	$3.4M	50x
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02307	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02307	+0.009%	$473K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02315	+0.355%	$204K	$84K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02311	+0.182%	$673K	$237K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02313	+0.269%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02313	+0.269%	$672K	$549K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02311	+0.182%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02310	+0.142%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0108%	4h	0.02313	+0.269%	$121K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02314	+0.321%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02313	+0.272%	—	—	—	as long as short