Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0598%/8h= +65.4% APRpaid last 24h +0.103%

Price spread now: GMX against Bybit+0.238%171s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and GMX is 0.238% dearer against Bybit than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 171 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02315	0.0100	pay 0.0050% / 4h	1h 28m	$1.2M	$1.2M	25x
Short	GMX AIXBT/USD [ETH-USDC]	0.02320	L +0.0248% / S −0.0698%	get 0.0087% / 1h	28m 37s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.238%Rate

Funding earned: $125.51
Price spread: +0.238% → 0.000%: $23.76
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $126.27
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Bybit: live order book, 7 min ago; GMX: no order-book sample. Net counts fees only.

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, 7 min ago	4.31 bp	31.1 bp −$31	314.1 bp −$3,141	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2996%	1h	0.02317	+0.093%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0020%	4h	0.02316	+0.026%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02320	+0.212%	$395K	$210K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02318	+0.130%	$2.5M	$4.0M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02315	long leg	$1.2M	$1.2M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02317	+0.086%	$476K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02320	+0.216%	$211K	$126K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02319	+0.173%	$696K	$264K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02320	+0.216%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02321	+0.259%	$650K	$609K	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-USDT	+0.0100%	4h	0.02319	+0.173%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0146%	4h	0.02323	+0.346%	$123K	$94K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0248% / S −0.0698%	1h	0.02320	+0.238%	$3K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02318	+0.146%	—	—	—	as long as short