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: Bitget against Bybit+0.088%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1931.934% of the position

Long on Bybit Short on Bitget

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)+0.046%+$5 · spread now +0.088%, 7d avg −0.017%

Together, before fees+0.149%+$15 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: Bitget is 0.105% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAIUSDT	0.007967	0.0100	pay 0.0050% / 4h	3m 18s	$655K	$400K	25x
Short	Bitget XAIUSDT	0.007974	0.0100	get 0.0050% / 4h	3m 18s	$451K	$253K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.017%: $10.54
Slippage, 4 orders: −$170.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$182.87
Costs to cover: 1.934%
Break-even: never at this rate

Slippage from Bybit: live order book, 47 min ago; Bitget: live order book, 47 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 Bybit live order book, 47 min ago	5.04 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 47 min ago	8.81 bp	30.9 bp −$31	86.3 bp −$863	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
BloFin XAI-USDT	+0.0075%	4h	0.007963	−0.050%	$160K	$19K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007960	−0.088%	$408K	$65K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007967	+0.003%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007975	+0.097%	$1.6M	$2.0M	25x	as long as short
Bybit XAIUSDTlong	+0.0100%	4h	0.007967	long leg	$655K	$400K	25x
Gate XAI_USDT	+0.0100%	4h	0.007969	+0.025%	$80K	$39K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007971	+0.050%	$1.9M	$440K	50x	as long as short
KuCoin XAIUSDTM	+0.0100%	4h	0.007980	+0.163%	$178K	$45K	25x	as long as short
Bitget XAIUSDTshort	+0.0100%	4h	0.007974	+0.088%	$451K	$253K	25x
BingX XAI-USDT	+0.0100%	4h	0.007970	+0.038%	—	$2.3M	—	as long as short