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 Bitget+0.164%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$663as in the Funding arb table

Net, price: spread back to 7d avg − costs−$647as in the Price arb table

costs, in and out, $10k−$6636.630% of the position

Long on Bitget 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)−0.264%−$26 · spread now +0.164%, 7d avg +0.002%

Together, before fees−0.264%−$26 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 0.162% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAIUSDT	0.007927	0.0100	pay 0.0050% / 4h	45m 06s	$441K	$261K	25x
Short	KuCoin XAIUSDTM	0.007940	0.0100	get 0.0050% / 4h	45m 06s	$177K	$46K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.002%: $16.25
Slippage, 4 orders: −$638.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$646.72
Costs to cover: 6.630%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; KuCoin: live order book, 35 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, 6 min ago	8.81 bp	23.4 bp −$23	71.7 bp −$717	doesn't fit	doesn't fit
Sell KuCoin live order book, 35 min ago	24.97 bp	421.3 bp −$421	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	0.007930	+0.038%	$406K	$67K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007923	−0.050%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007935	+0.101%	$1.5M	$2.0M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007927	0.000%	$652K	$419K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007930	+0.038%	$79K	$39K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007929	+0.025%	$1.9M	$437K	50x	as long as short
KuCoin XAIUSDTMshort	+0.0100%	4h	0.007940	+0.164%	$177K	$46K	25x
Bitget XAIUSDTlong	+0.0100%	4h	0.007927	long leg	$441K	$261K	25x
BingX XAI-USDT	+0.0100%	4h	0.007936	+0.114%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0113%	4h	0.007943	+0.202%	$160K	$19K	25x	as long as short