Funding arb · Price arb /

XAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAI_USDT	0.007900	0.0100	pay 0.0050% / 4h	3h 59m	$78K	$38K	50x
Short	MEXC XAI_USDT	0.007899	0.0100	get 0.0050% / 4h	3h 59m	$2.0M	$439K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → 0.000%: −$1.27
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.27
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 Gate no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	2.53 bp	8.1 bp −$8	56.9 bp −$569	356.9 bp −$35.7K	doesn't fit

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0088%	4h	0.007903	+0.038%	$161K	$19K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007910	+0.127%	$406K	$62K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007899	−0.010%	$7K	$23K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007911	+0.136%	$1.6M	$1.8M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007899	−0.013%	$695K	$383K	25x	as long as short
Gate XAI_USDTlong	+0.0100%	4h	0.007900	long leg	$78K	$38K	50x
MEXC XAI_USDTshort	+0.0100%	4h	0.007899	−0.013%	$2.0M	$439K	50x
KuCoin XAIUSDTM	+0.0100%	4h	0.007900	0.000%	$167K	$45K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.007901	+0.013%	$463K	$288K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.007906	+0.076%	—	$2.3M	—	as long as short