Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.045%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$629as in the Funding arb table

Net, price: spread back to 7d avg − costs−$619as in the Price arb table

costs, in and out, $10k−$6226.221% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.045%, 7d avg +0.018%

Together, before fees−0.198%−$20 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 0.027% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AIXBT-USDT-SWAP	0.02225	0.0100	pay 0.0050% / 4h	21m 26s	$436K	$1.5M	20x
Short	KuCoin AIXBTUSDTM	0.02226	0.0100	get 0.0050% / 4h	21m 26s	$1.1M	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.018%: $2.69
Slippage, 4 orders: −$600.15
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$619.46
Costs to cover: 6.221%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 8 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, 5 min ago	4.49 bp	29.0 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	4.51 bp	195.7 bp −$196	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	−0.0323%	1h	0.02228	+0.120%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0147%	4h	0.02221	−0.158%	$98K	$13K	—	as long as short
BloFin AIXBT-USDT	+0.0069%	4h	0.02232	+0.315%	$120K	$61K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02228	+0.130%	$372K	$181K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02227	+0.097%	$2.3M	$2.8M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02224	−0.027%	$1.2M	$888K	25x	as long as short
OKX AIXBT-USDT-SWAPlong	+0.0100%	4h	0.02225	long leg	$436K	$1.5M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02231	+0.270%	$188K	$75K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02227	+0.090%	$429K	$182K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02226	+0.045%	$1.1M	$1.3M	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02230	+0.225%	$622K	$436K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02229	+0.180%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02228	+0.148%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02226	+0.059%	—	—	—	as long as short