Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit0.000%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now 0.000%, 7d avg +0.058%

Together, before fees+0.011%+$1 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: OKX is 0.058% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02243	0.0100	pay 0.0050% / 4h	1h 44m	$1.2M	$957K	25x
Short	OKX AIXBT-USDT-SWAP	0.02243	0.0100	get 0.0050% / 4h	1h 44m	$448K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.058%: −$5.77
Slippage, 4 orders: −$97.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$124.55
Costs to cover: 1.188%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: 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 Bybit live order book, 1 min ago	4.46 bp	28.6 bp −$29	653.8 bp −$6,538	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.47 bp	27.4 bp −$27	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	−0.0903%	1h	0.02244	+0.036%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0015%	4h	0.02240	−0.121%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0078%	4h	0.02246	+0.134%	$118K	$63K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02246	+0.125%	$373K	$178K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02246	+0.132%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02243	long leg	$1.2M	$957K	25x
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02243	0.000%	$448K	$1.5M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02244	+0.045%	$192K	$80K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02246	+0.134%	$443K	$184K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02245	+0.089%	$1.2M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02249	+0.267%	$643K	$457K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02243	0.000%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02244	+0.053%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02244	+0.036%	—	—	—	as long as short