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+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: KuCoin against BloFin+0.400%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$665as in the Funding arb table
Net, price: spread back to 7d avg − costs−$626as in the Price arb table
costs, in and out, $10k−$6656.648% 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)−0.493%−$49 · spread now +0.400%, 7d avg +0.010%
Together, before fees−0.497%−$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.390% dearer against BloFin than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAI-USDT0.0079980.0070pay 0.0035% / 4h3h 48m$160K$19K25x
ShortKuCoin XAIUSDTM0.0080300.0100get 0.0050% / 4h3h 48m$179K$45K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$6.36
Price spread: +0.400% → +0.010%
$39
Slippage, 4 orders
−$640.84
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$619.48
Costs to cover
6.648%
Break-even
688.3 days
Slippage from BloFin: live order book, 41 min ago; KuCoin: live order book, 21 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, 41 min ago2.50 bp13.7 bp −$1453.7 bp −$537doesn't fitdoesn't fit
Sell KuCoin live order book, 21 min ago25.03 bp406.3 bp −$406doesn't fitdoesn'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+0.0070%4h0.007998long leg$160K$19K25x
Hyperliquid XAI+0.0100%1h0.008000+0.025%$410K$65K3xas long as short
Aster XAIUSDT+0.0100%4h0.008009+0.137%$5K$19K5xas long as short
Binance XAIUSDT+0.0100%4h0.008002+0.050%$1.6M$2.0M25xas long as short
Bybit XAIUSDT+0.0100%4h0.008001+0.038%$659K$400K25xas long as short
Gate XAI_USDT+0.0100%4h0.008005+0.088%$80K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007999+0.013%$1.9M$435K50xas long as short
KuCoin XAIUSDTMshort+0.0100%4h0.008030+0.400%$179K$45K25x
Bitget XAIUSDT+0.0100%4h0.008002+0.050%$453K$252K25xas long as short
BingX XAI-USDT+0.0100%4h0.008005+0.088%$2.3Mas long as short