Funding arb · Price arb /

XAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.050%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1171.175% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.050%, 7d avg +0.027%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAIUSDT	0.007943	0.0100	pay 0.0050% / 4h	51m 22s	$1.5M	$2.0M	25x
Short	BingX XAI-USDT	0.007947	0.0100	get 0.0050% / 4h	51m 22s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.027%: $2.24
Slippage, 4 orders: −$97.47
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$115.23
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BingX: live order book, 12 min ago.

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 Binance live order book, 13 min ago	3.14 bp	22.5 bp −$23	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	6.91 bp	30.3 bp −$30	65.2 bp −$652	582.8 bp −$58.3K	988.7 bp −$494.4K

XAI on 10 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
BloFin XAI-USDT	+0.0086%	4h	0.007951	+0.100%	$160K	$19K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007950	+0.088%	$407K	$67K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007947	+0.053%	$5K	$19K	5x	as long as short
Binance XAIUSDTlong	+0.0100%	4h	0.007943	long leg	$1.5M	$2.0M	25x
Bybit XAIUSDT	+0.0100%	4h	0.007943	−0.001%	$653K	$418K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007943	−0.001%	$79K	$39K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007950	+0.088%	$1.9M	$425K	50x	as long as short
KuCoin XAIUSDTM	+0.0100%	4h	0.007960	+0.214%	$178K	$46K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.007949	+0.075%	$442K	$260K	25x	as long as short
BingX XAI-USDTshort	+0.0100%	4h	0.007947	+0.050%	—	$2.3M	—