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: KuCoin against BingX+0.150%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$513as in the Funding arb table

Net, price: spread back to 7d avg − costs−$496as in the Price arb table

costs, in and out, $10k−$5135.130% of the position

Long on BingX 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)−0.350%−$35 · spread now +0.150%, 7d avg −0.016%

Together, before fees−0.350%−$35 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 0.166% dearer against BingX than usual: you sell high and buy low, +$17 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	BingX XAI-USDT	0.007988	0.0100	pay 0.0050% / 4h	1h 33m	—	$2.3M	—
Short	KuCoin XAIUSDTM	0.008000	0.0100	get 0.0050% / 4h	1h 33m	$179K	$46K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → −0.016%: $16.62
Slippage, 4 orders: −$491
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$496.38
Costs to cover: 5.130%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 62 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 BingX live order book, 15 min ago	6.28 bp	29.3 bp −$29	63.1 bp −$631	631.0 bp −$63.1K	doesn't fit
Sell KuCoin live order book, 62 min ago	12.50 bp	224.4 bp −$224	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	0.007980	−0.100%	$409K	$67K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007976	−0.152%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007989	+0.013%	$1.6M	$2.1M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007986	−0.025%	$656K	$421K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007980	−0.100%	$81K	$45K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007983	−0.063%	$2.0M	$442K	50x	as long as short
KuCoin XAIUSDTMshort	+0.0100%	4h	0.008000	+0.150%	$179K	$46K	25x
Bitget XAIUSDT	+0.0100%	4h	0.007986	−0.025%	$444K	$262K	25x	as long as short
BingX XAI-USDTlong	+0.0100%	4h	0.007988	long leg	—	$2.3M	—
BloFin XAI-USDT	+0.0129%	4h	0.007969	−0.238%	$160K	$20K	25x	as long as short