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: Gate against MEXC−0.044%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1481.481% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.044%, 7d avg +0.002%

Together, before fees−0.020%−$2 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: Gate is 0.045% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02298	0.0100	pay 0.0050% / 4h	14m 31s	$645K	$230K	100x
Short	Gate AIXBT_USDT	0.02297	0.0100	get 0.0050% / 4h	14m 31s	$202K	$101K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.002%: −$4.54
Slippage, 4 orders: −$129.12
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$152.65
Costs to cover: 1.481%
Break-even: never at this rate

Slippage from MEXC: live order book, 31 min ago; Gate: live order book, 37 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, 31 min ago	2.21 bp	11.9 bp −$12	46.0 bp −$460	125.2 bp −$12.5K	185.9 bp −$92.9K
Sell Gate live order book, 37 min ago	11.00 bp	56.8 bp −$57	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	−0.1279%	1h	0.02297	−0.022%	$19K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0081%	4h	0.02300	+0.087%	$120K	$78K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02300	+0.070%	$392K	$207K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02297	−0.022%	$2.4M	$3.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02294	−0.187%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02294	−0.174%	$453K	$1.6M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02297	−0.044%	$202K	$101K	25x
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02298	long leg	$645K	$230K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02299	+0.044%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02301	+0.131%	$673K	$552K	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	0.02296	−0.087%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02288	−0.431%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02298	+0.022%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02296	−0.092%	—	—	—	as long as short