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+0.0007%/8h= +0.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against BloFin−0.139%52s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1811.808% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.089%−$9 on $10k
Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.139%, 7d avg +0.024%
Together, before fees+0.029%+$3 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: Bybit is 0.163% cheaper against BloFin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAI-USDT0.0079120.0093pay 0.0046% / 4h1h 36m$160K$20K25x
ShortBybit XAIUSDT0.0079010.0100get 0.0050% / 4h1h 36m$654K$391K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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
$1.53
Price spread: −0.139% → +0.024%
−$16.33
Slippage, 4 orders
−$157.79
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$195.58
Costs to cover
1.808%
Break-even
904.2 days
Slippage from BloFin: live order book, 38 min ago; Bybit: live order book, 64 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 BloFin live order book, 38 min ago1.89 bp23.2 bp −$2357.4 bp −$574doesn't fitdoesn't fit
Sell Bybit live order book, 64 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-USDTlong+0.0093%4h0.007912long leg$160K$20K25x
Hyperliquid XAI+0.0100%1h0.007900−0.152%$404K$64K3xas long as short
Aster XAIUSDT+0.0100%4h0.007905−0.092%$5K$21K5xas long as short
Binance XAIUSDT+0.0100%4h0.007900−0.156%$1.5M$2.0M25xas long as short
Bybit XAIUSDTshort+0.0100%4h0.007901−0.139%$654K$391K25x
Gate XAI_USDT+0.0100%4h0.007900−0.152%$78K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007904−0.101%$1.9M$427K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007910−0.025%$177K$49K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007902−0.126%$471K$287K25xas long as short
BingX XAI-USDT+0.0100%4h0.007903−0.114%$2.3Mas long as short