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: Bybit against Binance−0.150%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.150%, 7d avg −0.059%

Together, before fees+0.072%+$7 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: Bybit is 0.090% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIXBTUSDT	0.02270	0.0100	pay 0.0050% / 4h	42m 04s	$2.4M	$3.3M	50x
Short	Bybit AIXBTUSDT	0.02267	0.0100	get 0.0050% / 4h	42m 04s	$1.2M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.059%: −$9.03
Slippage, 4 orders: −$89.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$119.63
Costs to cover: 1.106%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 4 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 Binance live order book, 9 min ago	4.41 bp	25.3 bp −$25	146.7 bp −$1,467	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.42 bp	28.1 bp −$28	206.8 bp −$2,068	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	−0.1296%	1h	0.02268	−0.096%	$18K	$7K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02272	+0.088%	$388K	$206K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02270	long leg	$2.4M	$3.3M	50x
Bybit AIXBTUSDTshort	+0.0100%	4h	0.02267	−0.150%	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02269	−0.040%	$446K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02270	+0.004%	$199K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02268	−0.084%	$617K	$224K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02271	+0.048%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02273	+0.137%	$643K	$537K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02268	−0.084%	—	$6.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AIXBT	+0.0100%	4h	0.02264	−0.256%	$99K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0152%	4h	0.02271	+0.048%	$119K	$76K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02269	−0.026%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02268	−0.079%	—	—	—	as long as short