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: KuCoin against Gate−0.132%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$498as in the Funding arb table

Net, price: spread back to 7d avg − costs−$495as in the Price arb table

costs, in and out, $10k−$4804.795% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.132%, 7d avg +0.020%

Together, before fees−0.133%−$13 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 0.152% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02268	0.0100	pay 0.0050% / 4h	2h 15m	$201K	$100K	25x
Short	KuCoin AIXBTUSDTM	0.02265	0.0100	get 0.0050% / 4h	2h 15m	$1.2M	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → +0.020%: −$15.23
Slippage, 4 orders: −$452.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$494.76
Costs to cover: 4.795%
Break-even: never at this rate

Slippage from Gate: live order book, 46 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 Gate live order book, 46 min ago	6.59 bp	54.0 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.20 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit

AIXBT on 13 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	−0.1562%	1h	0.02265	−0.127%	$18K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0016%	4h	0.02262	−0.261%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02267	−0.031%	$384K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02267	−0.064%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02264	−0.176%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02265	−0.132%	$444K	$1.6M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02268	long leg	$201K	$100K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02265	−0.132%	$438K	$198K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02265	−0.132%	$1.2M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02267	−0.044%	$642K	$514K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02264	−0.176%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0270% / S −0.0486%	1h	0.02265	−0.150%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02267	−0.062%	—	—	—	as long as short