Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0574%/8h= +62.9% APRpaid last 24h +0.118%

Price spread now: GMX against Variational Omni+0.518%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and GMX is 0.518% dearer against Variational Omni than usual: you sell high and buy low: +$52 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	Variational Omni AIXBT	0.02247	−0.0088	get 0.0044% / 4h	2h 42m	$98K	$11K	—
Short	GMX AIXBT/USD [ETH-USDC]	0.02259	L +0.0270% / S −0.0486%	get 0.0061% / 1h	42m 58s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.518%Rate

Funding earned: $120.57
Price spread: +0.518% → 0.000%: $51.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $160.4
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 46 min ago; GMX: 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 Variational Omni RFQ quote, 46 min ago	8.77 bp	doesn't fit	306.9 bp −$3,069	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.1569%	1h	0.02255	+0.364%	$18K	$7K	10x	as long as short
Variational Omni AIXBTlong	−0.0088%	4h	0.02247	long leg	$98K	$11K	—
BloFin AIXBT-USDT	+0.0069%	4h	0.02269	+0.972%	$120K	$72K	50x	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02255	+0.336%	$381K	$197K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02251	+0.162%	$2.3M	$3.1M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02248	+0.047%	$1.2M	$1.0M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02247	−0.007%	$456K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02253	+0.260%	$199K	$99K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02250	+0.127%	$436K	$195K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02256	+0.394%	$1.2M	$1.4M	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AIXBTUSDT	+0.0100%	4h	0.02254	+0.305%	$637K	$492K	20x	as long as short
BingX AIXBT-USDT	+0.0100%	4h	0.02250	+0.127%	—	$6.6M	—	as long as short
GMX AIXBT/USD [ETH-USDC]short	L +0.0270% / S −0.0486%	1h	0.02259	+0.518%	$5K	—	100x
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02258	+0.501%	—	—	—	as long as short