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: Bitget against KuCoin−0.114%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$736as in the Funding arb table

Net, price: spread back to 7d avg − costs−$747as in the Price arb table

costs, in and out, $10k−$7367.364% of the position

Long on KuCoin Short on Bitget

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)+0.103%+$10 · spread now −0.114%, 7d avg −0.007%

Together, before fees+0.103%+$10 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 0.107% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.007%.

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	1h 34m	$177K	$49K	25x
Short	Bitget XAIUSDT	0.007901	0.0100	get 0.0050% / 4h	1h 34m	$471K	$287K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.007%: −$10.71
Slippage, 4 orders: −$712.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$747.08
Costs to cover: 7.364%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	25.25 bp	184.0 bp −$184	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	8.86 bp	27.8 bp −$28	86.9 bp −$869	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	+0.0092%	4h	0.007891	−0.240%	$159K	$20K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007890	−0.253%	$404K	$64K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007902	−0.107%	$5K	$21K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007899	−0.140%	$1.5M	$2.0M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007896	−0.177%	$654K	$392K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007900	−0.126%	$78K	$39K	50x	as long as short
MEXC XAI_USDT	+0.0100%	4h	0.007904	−0.076%	$1.9M	$427K	50x	as long as short
KuCoin XAIUSDTMlong	+0.0100%	4h	0.007910	long leg	$177K	$49K	25x
Bitget XAIUSDTshort	+0.0100%	4h	0.007901	−0.114%	$471K	$287K	25x
BingX XAI-USDT	+0.0100%	4h	0.007902	−0.101%	—	$2.3M	—	as long as short