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: Gate against OKX+0.394%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1971.973% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.634%−$63 · spread now +0.394%, 7d avg +0.001%

Together, before fees−0.541%−$54 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 0.393% dearer against OKX than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02282	0.0100	pay 0.0050% / 4h	1h 07m	$449K	$1.6M	20x
Short	Gate AIXBT_USDT	0.02291	0.0100	get 0.0050% / 4h	1h 07m	$201K	$101K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.394%Rate

Funding earned: $0
Price spread: +0.394% → +0.001%: $39.35
Slippage, 4 orders: −$172.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$157.93
Costs to cover: 1.973%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 49 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 OKX live order book, 4 min ago	2.18 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 49 min ago	8.78 bp	65.5 bp −$66	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	−0.1150%	1h	0.02288	+0.260%	$19K	$7K	10x	as long as short
BloFin AIXBT-USDT	+0.0084%	4h	0.02292	+0.438%	$119K	$76K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02289	+0.298%	$393K	$203K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02286	+0.196%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02282	−0.013%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02282	long leg	$449K	$1.6M	20x
Gate AIXBT_USDTshort	+0.0100%	4h	0.02291	+0.394%	$201K	$101K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02287	+0.219%	$623K	$220K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02287	+0.219%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02288	+0.263%	$657K	$527K	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	0.02288	+0.263%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02291	+0.375%	$100K	$10K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02288	+0.276%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02283	+0.026%	—	—	—	as long as short