Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1246%/8h= −136.4% APRpaid last 24h −0.272%

Price spread now: Kraken Futures against Bybit−0.022%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$37 a day on $10k at the current rate, and Kraken Futures is 0.022% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02297	0.0100	pay 0.0050% / 4h	1h 27m	$1.2M	$1.0M	25x
Short	Kraken Futures PF_AIXBTUSD	0.02296	−0.1146	pay 0.0143% / 1h	27m 57s	$19K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$261.67
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$284.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Kraken Futures: 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, 3 min ago	4.36 bp	30.2 bp −$30	1187.8 bp −$11.9K	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_AIXBTUSDshort	−0.1146%	1h	0.02296	−0.022%	$19K	$7K	10x
BloFin AIXBT-USDT	+0.0086%	4h	0.02299	+0.087%	$118K	$74K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02301	+0.187%	$394K	$199K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02300	+0.131%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02297	long leg	$1.2M	$1.0M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02298	+0.044%	$454K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02299	+0.087%	$203K	$100K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02300	+0.131%	$594K	$211K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02297	0.000%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02302	+0.218%	$657K	$509K	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	0.02298	+0.044%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02294	−0.151%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02298	+0.048%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02297	−0.010%	—	—	—	as long as short