Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1530%/8h= +167.5% APRnext payment +$1.91 per $10,000 · paid last 24h —

Price spread now: Reya against Kraken Futures+0.120%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Reya is 0.120% dearer against Kraken Futures than usual: you sell high and buy low: +$12 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	0.02274	−0.1157	get 0.0145% / 1h	1m 18s	$18K	$7K	10x
Short	Reya AIXBTRUSDPERP	0.02277	0.0372	get 0.0047% / 1h	1m 18s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.120%Rate

Funding earned: $321.21
Price spread: +0.120% → 0.000%: $12.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $317.23
Costs to cover: 0.160%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

Kraken Futures and Reya: 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	−0.1157%	1h	0.02274	long leg	$18K	$7K	10x
Hyperliquid AIXBT	+0.0100%	1h	0.02280	+0.268%	$391K	$203K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02279	+0.221%	$2.4M	$3.2M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02273	−0.066%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02276	+0.083%	$448K	$1.6M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02280	+0.259%	$200K	$101K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02279	+0.215%	$611K	$222K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02279	+0.215%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02283	+0.391%	$655K	$525K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02276	+0.083%	—	$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	0.02277	+0.130%	$100K	$10K	—	as long as short
BloFin AIXBT-USDT	+0.0130%	4h	0.02280	+0.259%	$120K	$76K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0271% / S −0.0486%	1h	0.02278	+0.149%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPshort	+0.0372%	1h	0.02277	+0.120%	—	—	—