Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h —

Price spread now: Reya against Gate−0.166%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.166% cheaper against Gate than usual: you would sell low and buy high (spread −0.166% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.0 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AIXBT_USDT	0.02331	0.0100	pay 0.0050% / 4h	1h 54m	$207K	$123K	25x
Short	Reya AIXBTRUSDPERP	0.02327	0.0372	get 0.0047% / 1h	54m 14s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now −0.166%Rate

Funding earned: $57.16
Price spread: −0.166% → 0.000%: −$16.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $19.58
Costs to cover: 0.210%
Break-even: 4.6 days

Slippage unknown: Gate: live order book, 47 min ago; Reya: 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 Gate live order book, 47 min ago	4.39 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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_AIXBTUSD	−0.2983%	1h	0.02327	−0.168%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0023%	4h	0.02338	+0.304%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02328	−0.120%	$396K	$209K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02325	−0.257%	$2.5M	$3.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02324	−0.300%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02328	−0.129%	$490K	$1.9M	20x	as long as short
Gate AIXBT_USDTlong	+0.0100%	4h	0.02331	long leg	$207K	$123K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02326	−0.215%	$679K	$260K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02332	+0.043%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02327	−0.172%	$654K	$604K	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	0.02328	−0.129%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0106%	4h	0.02331	0.000%	$119K	$96K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02328	−0.120%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02327	−0.166%	—	—	—