Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.3195%/8h= +349.8% APRpaid last 24h +0.398%

Price spread now: KuCoin against Kraken Futures+0.134%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 KuCoin

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 +$96 a day on $10k at the current rate, and KuCoin is 0.134% dearer against Kraken Futures than usual: you sell high and buy low: +$13 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	0.02327	−0.3095	get 0.0387% / 1h	57m 03s	$19K	$4K	10x
Short	KuCoin AIXBTUSDTM	0.02330	0.0100	get 0.0050% / 4h	2h 57m	$1.2M	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $670.9
Price spread: +0.134% → 0.000%: $13.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $662.31
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	2.15 bp	309.3 bp −$309	doesn't fit	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 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_AIXBTUSDlong	−0.3095%	1h	0.02327	long leg	$19K	$4K	10x
BloFin AIXBT-USDT	+0.0046%	4h	0.02334	+0.306%	$123K	$86K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02337	+0.443%	$413K	$232K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02335	+0.349%	$2.5M	$4.4M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02330	+0.134%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02333	+0.263%	$472K	$2.0M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02334	+0.306%	$217K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02334	+0.306%	$741K	$281K	100x	as long as short
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02330	+0.134%	$1.2M	$1.5M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02334	+0.306%	$648K	$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	0.02334	+0.306%	—	$6.6M	—	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02326	−0.035%	$101K	$12K	—	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0248% / S −0.0698%	1h	0.02332	+0.224%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02330	+0.137%	—	—	—	as long as short