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

XAI

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SwapBacktest
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: Binance against Bybit+0.013%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2022.019% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.013%, 7d avg −0.030%
Together, before fees+0.087%+$9 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: Binance is 0.043% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAIUSDT0.0079990.0100pay 0.0050% / 4h2h 27m$654K$420K25x
ShortBinance XAIUSDT0.0080000.0100get 0.0050% / 4h2h 27m$1.6M$2.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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% → −0.030%
$4.3
Slippage, 4 orders
−$180.9
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$197.6
Costs to cover
2.019%
Break-even
never at this rate
Slippage from Bybit: live order book, 32 min ago; Binance: live order book, 7 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 Bybit live order book, 32 min ago6.27 bp72.7 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago2.50 bp31.9 bp −$32106.9 bp −$1,069doesn't fitdoesn't fit

XAI on 9 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
Hyperliquid XAI+0.0100%1h0.007990−0.113%$409K$67K3xas long as short
Aster XAIUSDT+0.0100%4h0.007984−0.189%$5K$19K5xas long as short
Binance XAIUSDTshort+0.0100%4h0.008000+0.013%$1.6M$2.1M25x
Bybit XAIUSDTlong+0.0100%4h0.007999long leg$654K$420K25x
Gate XAI_USDT+0.0100%4h0.007994−0.063%$81K$47K50xas long as short
MEXC XAI_USDT+0.0100%4h0.008003+0.050%$2.0M$457K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.008000+0.013%$179K$47K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007992−0.088%$444K$263K25xas long as short
BingX XAI-USDT+0.0100%4h0.008012+0.163%$2.3Mas long as short