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: OKX against Binance−0.123%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1101.098% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.123%, 7d avg −0.001%

Together, before fees+0.017%+$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: OKX is 0.122% cheaper against Binance than usual: you would sell low and buy high, −$12 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	0.02318	0.0100	pay 0.0050% / 4h	3h 21m	$2.4M	$3.5M	50x
Short	OKX AIXBT-USDT-SWAP	0.02315	0.0100	get 0.0050% / 4h	3h 21m	$473K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.001%: −$12.21
Slippage, 4 orders: −$89.83
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.04
Costs to cover: 1.098%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; OKX: live order book, 5 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, 14 min ago	2.16 bp	25.8 bp −$26	135.1 bp −$1,351	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.16 bp	29.5 bp −$29	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	−0.1378%	1h	0.02310	−0.360%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02316	−0.097%	$395K	$207K	3x	as long as short
Binance AIXBTUSDTlong	+0.0100%	4h	0.02318	long leg	$2.4M	$3.5M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02313	−0.210%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAPshort	+0.0100%	4h	0.02315	−0.123%	$473K	$1.7M	20x
Gate AIXBT_USDT	+0.0100%	4h	0.02314	−0.166%	$204K	$84K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02313	−0.210%	$673K	$237K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02316	−0.080%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02317	−0.037%	$673K	$549K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02314	−0.166%	—	$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	0.02310	−0.336%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0108%	4h	0.02313	−0.210%	$121K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02312	−0.253%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02309	−0.388%	—	—	—	as long as short