Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1860%/8h= +203.6% APRpaid last 24h +0.469%

Price spread now: Binance against Kraken Futures+0.031%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

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

Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and Binance is 0.031% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AIXBTUSD	0.02284	−0.1760	get 0.0220% / 1h	49m 05s	$19K	$4K	10x
Short	Binance AIXBTUSDT	0.02285	0.0100	get 0.0050% / 4h	1h 49m	$2.5M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $390.52
Price spread: +0.031% → 0.000%: $3.14
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $373.66
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 11 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	2.17 bp	23.6 bp −$24	97.8 bp −$978	doesn't fit	doesn't fit

Kraken Futures: 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 exchanges

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_AIXBTUSDlong	−0.1760%	1h	0.02284	long leg	$19K	$4K	10x
Variational Omni AIXBT	−0.0081%	4h	0.02281	−0.108%	$99K	$12K	—	as long as short
KuCoin AIXBTUSDTM	−0.0018%	4h	0.02286	+0.093%	$1.1M	$1.5M	30x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02285	+0.067%	$405K	$222K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02285	+0.031%	$2.5M	$4.3M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02281	−0.130%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02282	−0.082%	$453K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02287	+0.137%	$212K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02284	+0.005%	$704K	$278K	100x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02286	+0.093%	$605K	$638K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02284	+0.005%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0139%	4h	0.02285	+0.049%	$122K	$77K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02288	+0.163%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02284	+0.014%	—	—	—	as long as short