Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.050%

Price spread now: Gate against GMX+0.221%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.221% dearer against GMX than usual: you sell high and buy low (spread +0.221% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AIXBT/USD [ETH-USDC]	0.02308	L +0.0248% / S −0.0698%	pay 0.0031% / 1h	54m 48s	$3K	—	100x
Short	Gate AIXBT_USDT	0.02313	0.0100	get 0.0050% / 4h	2h 54m	$215K	$140K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GMX. 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 GMXbpFee GatebpOrdersPrice spread, now +0.221%Rate

Funding earned: −$30.98
Price spread: +0.221% → 0.000%: $22.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.89
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 31 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 31 min ago	6.55 bp	68.9 bp −$69	doesn't fit	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3137%	1h	0.02296	−0.522%	$19K	$4K	10x	as long as short
BloFin AIXBT-USDT	+0.0065%	4h	0.02307	−0.039%	$121K	$85K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02307	−0.017%	$408K	$232K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02304	−0.169%	$2.5M	$4.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02303	−0.212%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02303	−0.212%	$465K	$1.9M	20x	as long as short
Gate AIXBT_USDTshort	+0.0100%	4h	0.02313	+0.221%	$215K	$140K	25x
MEXC AIXBT_USDT	+0.0100%	4h	0.02304	−0.169%	$731K	$281K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02313	+0.221%	$1.1M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02308	+0.004%	$641K	$649K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02304	−0.169%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02324	+0.700%	$101K	$12K	—	as long as short
GMX AIXBT/USD [ETH-USDC]long	L +0.0248% / S −0.0698%	1h	0.02308	long leg	$3K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02309	+0.059%	—	—	—	as long as short