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: KuCoin against Bybit+0.173%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$507as in the Funding arb table

Net, price: spread back to 7d avg − costs−$478as in the Price arb table

costs, in and out, $10k−$4914.907% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 7 days−0.173%−$17 · spread now +0.173%, 7d avg +0.042%

Together, before fees−0.331%−$33 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 0.131% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02311	0.0100	pay 0.0050% / 4h	2h 10m	$1.2M	$1.1M	25x
Short	KuCoin AIXBTUSDTM	0.02315	0.0100	get 0.0050% / 4h	2h 10m	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.042%: $13.11
Slippage, 4 orders: −$467.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$477.62
Costs to cover: 4.907%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	4.37 bp	26.5 bp −$27	505.6 bp −$5,056	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.18 bp	169.5 bp −$169	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	−0.1398%	1h	0.02304	−0.285%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0060%	4h	0.02296	−0.665%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02314	+0.143%	$395K	$209K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02315	+0.193%	$2.5M	$3.7M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02311	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02313	+0.087%	$464K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02314	+0.130%	$225K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02315	+0.173%	$683K	$260K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02315	+0.173%	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02313	+0.087%	$646K	$591K	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	0.02315	+0.173%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0102%	4h	0.02309	−0.087%	$118K	$84K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02312	+0.022%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02313	+0.070%	—	—	—	as long as short