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+0.0021%/8h= +2.3% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.013%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1951.946% 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)+0.034%+$3 · spread now +0.013%, 7d avg 0.000%
Together, before fees+0.120%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAIUSDT0.0078640.0079pay 0.0040% / 4h2h 21m$654K$398K25x
ShortBingX XAI-USDT0.0078650.0100get 0.0050% / 4h2h 21m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$4.37
Price spread: +0.013% → 0.000%
$1.26
Slippage, 4 orders
−$173.55
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$188.92
Costs to cover
1.946%
Break-even
309.5 days
Slippage from Bybit: live order book, 18 min ago; BingX: live order book, 12 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, 18 min ago4.44 bp62.7 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago6.34 bp31.0 bp −$3178.4 bp −$784542.3 bp −$54.2K878.7 bp −$439.4K

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+0.0074%4h0.007851−0.165%$159K$20K25xas long as short
Bybit XAIUSDTlong+0.0079%4h0.007864long leg$654K$398K25x
Hyperliquid XAI+0.0100%1h0.007860−0.051%$402K$63K3xas long as short
Aster XAIUSDT+0.0100%4h0.007867+0.033%$5K$20K5xas long as short
Binance XAIUSDT+0.0100%4h0.007870+0.076%$1.5M$2.0M25xas long as short
Gate XAI_USDT+0.0100%4h0.007860−0.051%$77K$40K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007862−0.025%$1.9M$437K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007870+0.076%$177K$49K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007866+0.025%$447K$269K25xas long as short
BingX XAI-USDTshort+0.0100%4h0.007865+0.013%$2.3M