Funding arb · Price arb /

XAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.075%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on BingX 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 7 days+0.047%+$5 · spread now −0.075%, 7d avg −0.015%

Together, before fees+0.047%+$5 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 0.061% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XAI-USDT	0.007978	0.0100	pay 0.0050% / 4h	3h 56m	—	$2.3M	—
Short	MEXC XAI_USDT	0.007972	0.0100	get 0.0050% / 4h	3h 56m	$1.9M	$435K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.015%: −$6.05
Slippage, 4 orders: −$64.61
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$80.66
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; MEXC: live order book, 1 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, 2 min ago	5.02 bp	28.9 bp −$29	68.3 bp −$683	589.5 bp −$58.9K	doesn't fit
Sell MEXC live order book, 1 min ago	4.39 bp	10.0 bp −$10	60.1 bp −$601	469.9 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	+0.0057%	4h	0.007971	−0.088%	$160K	$19K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007970	−0.100%	$408K	$65K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007975	−0.038%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007979	+0.016%	$1.6M	$2.0M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007975	−0.038%	$656K	$399K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007980	+0.025%	$80K	$39K	50x	as long as short
MEXC XAI_USDTshort	+0.0100%	4h	0.007972	−0.075%	$1.9M	$435K	50x
KuCoin XAIUSDTM	+0.0100%	4h	0.007980	+0.025%	$178K	$45K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.007974	−0.050%	$451K	$252K	25x	as long as short
BingX XAI-USDTlong	+0.0100%	4h	0.007978	long leg	—	$2.3M	—