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 KuCoin−0.112%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$641as in the Funding arb table

Net, price: spread back to 7d avg − costs−$651as in the Price arb table

costs, in and out, $10k−$6416.415% of the position

Long on KuCoin 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 4 days (all we have)+0.170%+$17 · spread now −0.112%, 7d avg −0.018%

Together, before fees+0.170%+$17 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: MEXC is 0.094% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAIUSDTM	0.008010	0.0100	pay 0.0050% / 4h	3h 47m	$179K	$45K	25x
Short	MEXC XAI_USDT	0.008001	0.0100	get 0.0050% / 4h	3h 47m	$1.9M	$436K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.018%: −$9.43
Slippage, 4 orders: −$629.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$650.91
Costs to cover: 6.415%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; MEXC: live order book, 4 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, 23 min ago	25.03 bp	216.5 bp −$217	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.75 bp	9.1 bp −$9	40.9 bp −$409	408.1 bp −$40.8K	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
Bybit XAIUSDT	−0.0105%	4h	0.008000	−0.125%	$659K	$400K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.008000	−0.125%	$410K	$65K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.008007	−0.038%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.008004	−0.075%	$1.6M	$2.0M	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.008001	−0.112%	$80K	$39K	50x	as long as short
MEXC XAI_USDTshort	+0.0100%	4h	0.008001	−0.112%	$1.9M	$436K	50x
KuCoin XAIUSDTMlong	+0.0100%	4h	0.008010	long leg	$179K	$45K	25x
Bitget XAIUSDT	+0.0100%	4h	0.008003	−0.087%	$453K	$252K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.008001	−0.112%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0127%	4h	0.008011	+0.012%	$160K	$20K	25x	as long as short