Funding arb · Price arb /

XAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.016%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$674as in the Funding arb table

Net, price: spread back to 7d avg − costs−$671as in the Price arb table

costs, in and out, $10k−$6746.738% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.016%, 7d avg −0.016%

Together, before fees−0.054%−$5 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 0.032% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAIUSDTM	0.007960	0.0100	pay 0.0050% / 4h	3h 02m	$168K	$44K	25x
Short	Binance XAIUSDT	0.007961	0.0100	get 0.0050% / 4h	3h 02m	$1.6M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.016%: $3.19
Slippage, 4 orders: −$651.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$670.62
Costs to cover: 6.738%
Break-even: never at this rate

Slippage from KuCoin: live order book, 18 min ago; Binance: live order book, 16 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 KuCoin live order book, 18 min ago	18.93 bp	243.6 bp −$244	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	3.15 bp	28.5 bp −$29	107.1 bp −$1,071	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
Hyperliquid XAI	+0.0100%	1h	0.007960	0.000%	$408K	$60K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007960	0.000%	$7K	$23K	5x	as long as short
Binance XAIUSDTshort	+0.0100%	4h	0.007961	+0.016%	$1.6M	$1.7M	25x
Bybit XAIUSDT	+0.0100%	4h	0.007958	−0.025%	$704K	$369K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007954	−0.075%	$80K	$39K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007963	+0.038%	$2.0M	$423K	50x	as long as short
KuCoin XAIUSDTMlong	+0.0100%	4h	0.007960	long leg	$168K	$44K	25x
Bitget XAIUSDT	+0.0100%	4h	0.007958	−0.025%	$467K	$237K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.007958	−0.025%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0121%	4h	0.007963	+0.038%	$161K	$9K	25x	as long as short