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

XAI

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SwapBacktest
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: Bybit against Bitget+0.013%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1871.871% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.085%−$9 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.013%, 7d avg +0.016%
Together, before fees−0.128%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAIUSDT0.0079030.0100pay 0.0050% / 4h1h 43m$471K$287K25x
ShortBybit XAIUSDT0.0079040.0100get 0.0050% / 4h1h 43m$654K$393K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: +0.013% → +0.016%
−$0.34
Slippage, 4 orders
−$164.12
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$187.45
Costs to cover
1.871%
Break-even
never at this rate
Slippage from Bitget: live order book, 57 min ago; Bybit: 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, 57 min ago12.69 bp31.9 bp −$3282.0 bp −$820doesn't fitdoesn't fit
Sell Bybit live order book, 57 min ago4.44 bp68.9 bp −$69319.9 bp −$3,199doesn'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-USDT+0.0062%4h0.0079030.000%$160K$20K25xas long as short
Hyperliquid XAI+0.0100%1h0.007910+0.089%$405K$64K3xas long as short
Aster XAIUSDT+0.0100%4h0.007901−0.023%$5K$21K5xas long as short
Binance XAIUSDT+0.0100%4h0.007906+0.043%$1.5M$2.0M25xas long as short
Bybit XAIUSDTshort+0.0100%4h0.007904+0.013%$654K$393K25x
Gate XAI_USDT+0.0100%4h0.007900−0.038%$78K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007902−0.013%$1.9M$426K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007910+0.089%$178K$49K25xas long as short
Bitget XAIUSDTlong+0.0100%4h0.007903long leg$471K$287K25x
BingX XAI-USDT+0.0100%4h0.0079030.000%$2.3Mas long as short