Funding arb · Price arb /

XAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.101%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$675as in the Funding arb table

Net, price: spread back to 7d avg − costs−$687as in the Price arb table

costs, in and out, $10k−$6756.749% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.101%, 7d avg +0.016%

Together, before fees+0.139%+$14 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: KuCoin is 0.117% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAIUSDT	0.007908	0.0100	pay 0.0050% / 4h	3h 47m	$1.6M	$1.7M	25x
Short	KuCoin XAIUSDTM	0.007900	0.0100	get 0.0050% / 4h	3h 47m	$167K	$44K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → +0.016%: −$11.7
Slippage, 4 orders: −$652.94
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$686.64
Costs to cover: 6.749%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; KuCoin: live order book, 43 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, 16 min ago	1.26 bp	28.1 bp −$28	125.6 bp −$1,256	doesn't fit	doesn't fit
Sell KuCoin live order book, 43 min ago	19.00 bp	442.8 bp −$443	doesn't fit	doesn't fit	doesn't fit

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
Hyperliquid XAI	+0.0100%	1h	0.007910	+0.025%	$406K	$62K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007902	−0.081%	$7K	$23K	5x	as long as short
Binance XAIUSDTlong	+0.0100%	4h	0.007908	long leg	$1.6M	$1.7M	25x
Bybit XAIUSDT	+0.0100%	4h	0.007901	−0.089%	$695K	$378K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007900	−0.101%	$78K	$36K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007908	0.000%	$2.0M	$419K	50x	as long as short
KuCoin XAIUSDTMshort	+0.0100%	4h	0.007900	−0.101%	$167K	$44K	25x
Bitget XAIUSDT	+0.0100%	4h	0.007901	−0.089%	$463K	$281K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.007903	−0.063%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0112%	4h	0.007893	−0.190%	$161K	$19K	25x	as long as short