Funding arb · Price arb /

AIXBT

all AIXBT markets

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: Bitget against MEXC+0.131%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.755% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.131%, 7d avg +0.080%

Together, before fees−0.118%−$12 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: Bitget is 0.051% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02289	0.0100	pay 0.0050% / 4h	3h 28m	$476K	$189K	100x
Short	Bitget AIXBTUSDT	0.02292	0.0100	get 0.0050% / 4h	3h 28m	$643K	$467K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.080%: $5.14
Slippage, 4 orders: −$59.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.33
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from MEXC: live order book, 36 min ago; Bitget: live order book, 42 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 MEXC live order book, 36 min ago	2.20 bp	13.0 bp −$13	40.7 bp −$407	126.5 bp −$12.6K	doesn't fit
Sell Bitget live order book, 42 min ago	2.21 bp	31.0 bp −$31	100.6 bp −$1,006	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	−0.1535%	1h	0.02288	−0.061%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0034%	4h	0.02281	−0.365%	$100K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02290	+0.048%	$381K	$180K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02288	−0.057%	$2.4M	$3.0M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02285	−0.179%	$1.2M	$975K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02286	−0.131%	$465K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02290	+0.044%	$202K	$98K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02289	long leg	$476K	$189K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02288	−0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02292	+0.131%	$643K	$467K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02288	−0.044%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0155%	4h	0.02282	−0.306%	$119K	$65K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0262% / S −0.0442%	1h	0.02285	−0.162%	$4K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02286	−0.146%	—	—	—	as long as short