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: Binance against Bitget+0.088%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1121.118% of the position

Long on Bitget Short on Binance

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)−0.286%−$29 · spread now +0.088%, 7d avg −0.012%

Together, before fees−0.286%−$29 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: Binance is 0.100% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAIUSDT	0.007962	0.0100	pay 0.0050% / 4h	52m 58s	$443K	$260K	25x
Short	Binance XAIUSDT	0.007969	0.0100	get 0.0050% / 4h	52m 58s	$1.6M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.012%: $9.99
Slippage, 4 orders: −$89.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.86
Costs to cover: 1.118%
Break-even: never at this rate

Slippage from Bitget: live order book, 63 min ago; Binance: live order book, 11 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 Bitget live order book, 63 min ago	11.91 bp	24.1 bp −$24	75.1 bp −$751	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.14 bp	35.0 bp −$35	113.0 bp −$1,130	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	0.007960	−0.025%	$408K	$67K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007966	+0.047%	$5K	$19K	5x	as long as short
Binance XAIUSDTshort	+0.0100%	4h	0.007969	+0.088%	$1.6M	$2.0M	25x
Bybit XAIUSDT	+0.0100%	4h	0.007964	+0.025%	$655K	$417K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007960	−0.025%	$79K	$39K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007971	+0.113%	$2.0M	$425K	50x	as long as short
KuCoin XAIUSDTM	+0.0100%	4h	0.007970	+0.100%	$178K	$46K	25x	as long as short
Bitget XAIUSDTlong	+0.0100%	4h	0.007962	long leg	$443K	$260K	25x
BingX XAI-USDT	+0.0100%	4h	0.007965	+0.038%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0138%	4h	0.007972	+0.126%	$161K	$19K	25x	as long as short