Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bybit+0.179%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1961.957% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.179%, 7d avg +0.057%

Together, before fees−0.183%−$18 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 0.122% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIXBTUSDT	0.02240	0.0100	pay 0.0050% / 4h	2h 09m	$1.2M	$959K	25x
Short	Gate AIXBT_USDT	0.02244	0.0100	get 0.0050% / 4h	2h 09m	$192K	$79K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.057%: $12.21
Slippage, 4 orders: −$169.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$183.54
Costs to cover: 1.957%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 7 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, 6 min ago	6.68 bp	30.1 bp −$30	873.6 bp −$8,736	doesn't fit	doesn't fit
Sell Gate live order book, 7 min ago	11.10 bp	76.7 bp −$77	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	−0.1935%	1h	0.02242	+0.069%	$19K	$7K	10x	as long as short
Variational Omni AIXBT	−0.0038%	4h	0.02239	−0.046%	$99K	$11K	—	as long as short
BloFin AIXBT-USDT	+0.0067%	4h	0.02244	+0.179%	$118K	$64K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02244	+0.170%	$373K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02242	+0.089%	$2.3M	$2.9M	50x	as long as short
Bybit AIXBTUSDTlong	+0.0100%	4h	0.02240	long leg	$1.2M	$959K	25x
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02239	−0.045%	$448K	$1.5M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02244	+0.179%	$192K	$79K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02242	+0.089%	$466K	$184K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02243	+0.134%	$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	0.02244	+0.179%	$638K	$459K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02241	+0.045%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02243	+0.138%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02241	+0.032%	—	—	—	as long as short