Funding arb · Price arb /

XAI

all XAI markets

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: BingX against KuCoin−0.025%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$682as in the Funding arb table

Net, price: spread back to 7d avg − costs−$686as in the Price arb table

costs, in and out, $10k−$6826.821% of the position

Long on KuCoin Short on BingX

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)+0.225%+$23 · spread now −0.025%, 7d avg +0.010%

Together, before fees+0.225%+$23 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: BingX is 0.035% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAIUSDTM	0.007910	0.0100	pay 0.0050% / 4h	3h 45m	$167K	$44K	25x
Short	BingX XAI-USDT	0.007908	0.0100	get 0.0050% / 4h	3h 45m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.010%: −$3.49
Slippage, 4 orders: −$660.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$685.57
Costs to cover: 6.821%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; BingX: live order book, 3 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, 45 min ago	19.00 bp	173.2 bp −$173	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	7.59 bp	31.5 bp −$32	77.1 bp −$771	590.0 bp −$59.0K	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	+0.0051%	4h	0.007910	0.000%	$161K	$18K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007900	−0.126%	$405K	$62K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007917	+0.087%	$7K	$23K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007910	−0.006%	$1.6M	$1.7M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007912	+0.025%	$696K	$377K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007909	−0.013%	$78K	$36K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007914	+0.051%	$2.0M	$420K	50x	as long as short
KuCoin XAIUSDTMlong	+0.0100%	4h	0.007910	long leg	$167K	$44K	25x
Bitget XAIUSDT	+0.0100%	4h	0.007909	−0.013%	$464K	$281K	25x	as long as short
BingX XAI-USDTshort	+0.0100%	4h	0.007908	−0.025%	—	$2.3M	—