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: Gate against BingX−0.043%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1661.658% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.043%, 7d avg +0.006%

Together, before fees+0.066%+$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: Gate is 0.049% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AIXBT-USDT	0.02302	0.0100	pay 0.0050% / 4h	3h 00m	—	$6.6M	—
Short	Gate AIXBT_USDT	0.02301	0.0100	get 0.0050% / 4h	3h 00m	$212K	$90K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.006%: −$4.93
Slippage, 4 orders: −$140.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.75
Costs to cover: 1.658%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Gate: 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 BingX live order book, 6 min ago	2.16 bp	21.0 bp −$21	92.2 bp −$922	626.4 bp −$62.6K	940.9 bp −$470.4K
Sell Gate live order book, 46 min ago	10.76 bp	61.9 bp −$62	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	−0.1384%	1h	0.02299	−0.131%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0090%	4h	0.02297	−0.213%	$101K	$10K	—	as long as short
Bybit AIXBTUSDT	−0.0030%	4h	0.02298	−0.191%	$1.2M	$1.1M	25x	as long as short
BloFin AIXBT-USDT	+0.0047%	4h	0.02300	−0.087%	$121K	$80K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02304	+0.109%	$393K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02302	+0.008%	$2.4M	$3.5M	50x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02302	0.000%	$478K	$1.7M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02301	−0.043%	$212K	$90K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02302	0.000%	$683K	$239K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02301	−0.043%	$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	0.02304	+0.087%	$665K	$560K	20x	as long as short
BingX AIXBT-USDTlong	+0.0100%	4h	0.02302	long leg	—	$6.6M	—
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02303	+0.026%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02302	−0.005%	—	—	—	as long as short