Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h —

Price spread now: Binance against Reya−0.153%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Binance

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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.153% cheaper against Reya than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AIXBTRUSDPERP	0.02338	0.0372	pay 0.0047% / 1h	46m 54s	—	—	—
Short	Binance AIXBTUSDT	0.02335	0.0100	get 0.0050% / 4h	1h 46m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee BinancebpOrdersPrice spread, now −0.153%Rate

Funding earned: −$57.16
Price spread: −0.153% → 0.000%: −$15.34
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$88.5
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	2.14 bp	27.2 bp −$27	120.9 bp −$1,209	doesn't fit	doesn't fit

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_AIXBTUSD	−0.2970%	1h	0.02337	−0.040%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	−0.0014%	4h	0.02333	−0.236%	$101K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02338	−0.018%	$397K	$211K	3x	as long as short
Binance AIXBTUSDTshort	+0.0100%	4h	0.02335	−0.153%	$2.5M	$4.0M	50x
Bybit AIXBTUSDT	+0.0100%	4h	0.02333	−0.232%	$1.2M	$1.2M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02336	−0.091%	$481K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02344	+0.251%	$208K	$123K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02335	−0.134%	$684K	$261K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02342	+0.165%	$1.2M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02341	+0.123%	$657K	$611K	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	0.02340	+0.080%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0128%	4h	0.02346	+0.337%	$125K	$97K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0249% / S −0.0698%	1h	0.02341	+0.118%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02338	long leg	—	—	—