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: MEXC against Binance+0.050%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on Binance Short on MEXC

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)−0.001%$0 · spread now +0.050%, 7d avg −0.006%

Together, before fees−0.001%$0 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: MEXC is 0.055% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAIUSDT	0.008044	0.0100	pay 0.0050% / 4h	3h 08m	$1.6M	$2.1M	25x
Short	MEXC XAI_USDT	0.008048	0.0100	get 0.0050% / 4h	3h 08m	$2.0M	$438K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.006%: $5.53
Slippage, 4 orders: −$66.88
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$71.34
Costs to cover: 0.769%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 3 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, 11 min ago	4.99 bp	27.8 bp −$28	140.1 bp −$1,401	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.35 bp	9.8 bp −$10	57.3 bp −$573	470.2 bp −$47.0K	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
BloFin XAI-USDT	+0.0086%	4h	0.008046	+0.025%	$159K	$20K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.008040	−0.050%	$412K	$66K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.008047	+0.033%	$5K	$20K	5x	as long as short
Binance XAIUSDTlong	+0.0100%	4h	0.008044	long leg	$1.6M	$2.1M	25x
Bybit XAIUSDT	+0.0100%	4h	0.008047	+0.037%	$654K	$408K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.008038	−0.075%	$82K	$51K	50x	as long as short
MEXC XAI_USDTshort	+0.0100%	4h	0.008048	+0.050%	$2.0M	$438K	50x
KuCoin XAIUSDTM	+0.0100%	4h	0.008060	+0.199%	$180K	$45K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.008035	−0.112%	$447K	$251K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.008045	+0.012%	—	$2.3M	—	as long as short