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: Bitget against Bybit+0.086%7-day average +0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1221.220% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.086%, 7d avg +0.140%

Together, before fees−0.005%−$1 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: Bitget is 0.054% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02325	0.0100	pay 0.0050% / 4h	3h 50m	$1.2M	$1.1M	25x
Short	Bitget AIXBTUSDT	0.02327	0.0100	get 0.0050% / 4h	3h 50m	$680K	$542K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.140%: −$5.36
Slippage, 4 orders: −$98.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$127.31
Costs to cover: 1.220%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 65 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 Bybit live order book, 5 min ago	6.51 bp	33.4 bp −$33	900.6 bp −$9,006	doesn't fit	doesn't fit
Sell Bitget live order book, 65 min ago	6.56 bp	34.7 bp −$35	135.8 bp −$1,358	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	−0.1369%	1h	0.02324	−0.024%	$19K	$5K	10x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02330	+0.228%	$397K	$206K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02328	+0.114%	$2.4M	$3.4M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02325	long leg	$1.2M	$1.1M	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02327	+0.086%	$463K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02328	+0.129%	$204K	$82K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02325	0.000%	$666K	$227K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02328	+0.129%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDTshort	+0.0100%	4h	0.02327	+0.086%	$680K	$542K	20x
BingX AIXBT-USDT	+0.0100%	4h	0.02324	−0.043%	—	$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	0.02319	−0.254%	$101K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0147%	4h	0.02327	+0.086%	$120K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0272% / S −0.0486%	1h	0.02323	−0.090%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02323	−0.070%	—	—	—	as long as short