Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.087%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1631.634% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.087%, 7d avg −0.006%

Together, before fees+0.081%+$8 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: BingX is 0.081% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02297	0.0100	pay 0.0050% / 4h	21m 09s	$202K	$101K	25x
Short	BingX AIXBT-USDT	0.02295	0.0100	get 0.0050% / 4h	21m 09s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.006%: −$8.11
Slippage, 4 orders: −$138.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$171.5
Costs to cover: 1.634%
Break-even: never at this rate

Slippage from Gate: live order book, 30 min ago; BingX: live order book, 16 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 Gate live order book, 30 min ago	11.00 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	2.20 bp	22.4 bp −$22	92.1 bp −$921	602.7 bp −$60.3K	933.8 bp −$466.9K

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	−0.1281%	1h	0.02295	−0.096%	$19K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02296	−0.039%	$392K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02296	−0.060%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02290	−0.292%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02292	−0.218%	$451K	$1.6M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02297	long leg	$202K	$101K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02294	−0.131%	$646K	$228K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02294	−0.131%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02298	+0.044%	$650K	$536K	20x	as long as short
BingX AIXBT-USDTshort	+0.0100%	4h	0.02295	−0.087%	—	$6.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02292	−0.236%	$100K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0136%	4h	0.02293	−0.174%	$118K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02295	−0.100%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02294	−0.115%	—	—	—	as long as short