Settings8H · net · $10k
Funding arb · Price arb /

XAI

all XAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget−0.051%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1031.028% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.051%, 7d avg −0.008%
Together, before fees+0.075%+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.043% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAIUSDT0.0078550.0100pay 0.0050% / 4h2h 22m$447K$269K25x
ShortBloFin XAI-USDT0.0078510.0074get 0.0037% / 4h2h 22m$159K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$5.56
Price spread: −0.051% → −0.008%
−$4.3
Slippage, 4 orders
−$78.78
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$112.64
Costs to cover
1.028%
Break-even
never at this rate
Slippage from Bitget: live order book, 18 min ago; BloFin: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 18 min ago12.69 bp31.9 bp −$3282.0 bp −$820doesn't fitdoesn't fit
Sell BloFin live order book, 57 min ago4.38 bp22.7 bp −$2362.5 bp −$625doesn't fitdoesn't fit

XAI on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin XAI-USDTshort+0.0074%4h0.007851−0.051%$159K$20K25x
Bybit XAIUSDT+0.0079%4h0.007857+0.025%$653K$397K25xas long as short
Hyperliquid XAI+0.0100%1h0.007860+0.064%$402K$63K3xas long as short
Aster XAIUSDT+0.0100%4h0.007858+0.032%$5K$20K5xas long as short
Binance XAIUSDT+0.0100%4h0.007856+0.013%$1.5M$2.0M25xas long as short
Gate XAI_USDT+0.0100%4h0.007858+0.038%$77K$40K50xas long as short
MEXC XAI_USDT+0.0100%4h0.0078550.000%$1.9M$437K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007880+0.318%$177K$49K25xas long as short
Bitget XAIUSDTlong+0.0100%4h0.007855long leg$447K$269K25x
BingX XAI-USDT+0.0100%4h0.007857+0.025%$2.3Mas long as short