Funding arb · Price arb /

AIXBT

all AIXBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.235%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.235%, 7d avg −0.001%

Together, before fees−0.283%−$28 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: MEXC is 0.236% dearer against Binance than usual: you sell high and buy low, +$24 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	Binance AIXBTUSDT	0.02350	0.0100	pay 0.0050% / 4h	1h 49m	$2.5M	$3.9M	50x
Short	MEXC AIXBT_USDT	0.02356	0.0100	get 0.0050% / 4h	1h 49m	$691K	$261K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.235%Rate

Funding earned: $0
Price spread: +0.235% → −0.001%: $23.61
Slippage, 4 orders: −$62.14
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$52.53
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; MEXC: live order book, 46 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, 2 min ago	2.14 bp	22.1 bp −$22	128.5 bp −$1,285	doesn't fit	doesn't fit
Sell MEXC live order book, 46 min ago	2.19 bp	11.8 bp −$12	55.3 bp −$553	132.2 bp −$13.2K	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	−0.2967%	1h	0.02340	−0.452%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0014%	4h	0.02333	−0.760%	$101K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0072%	4h	0.02338	−0.531%	$123K	$97K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02353	+0.094%	$400K	$210K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02350	long leg	$2.5M	$3.9M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02350	−0.021%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02351	+0.022%	$487K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02340	−0.446%	$207K	$123K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02356	+0.235%	$691K	$261K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02340	−0.446%	$1.2M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02355	+0.192%	$662K	$605K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02353	+0.107%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02340	−0.425%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02341	−0.398%	—	—	—	as long as short