Funding arb · Price arb /

XAI

all XAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.042%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on MEXC 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)−0.016%−$2 · spread now −0.042%, 7d avg +0.006%

Together, before fees−0.016%−$2 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 0.048% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAI_USDT	0.008040	0.0100	pay 0.0050% / 4h	3h 59m	$1.9M	$416K	50x
Short	Binance XAIUSDT	0.008037	0.0100	get 0.0050% / 4h	3h 59m	$1.6M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.006%: −$4.8
Slippage, 4 orders: −$63.17
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$77.98
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Binance: live order book, 5 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 MEXC live order book, 3 min ago	3.11 bp	8.7 bp −$9	56.3 bp −$563	396.8 bp −$39.7K	doesn't fit
Sell Binance live order book, 5 min ago	1.87 bp	31.3 bp −$31	104.3 bp −$1,043	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	+0.0072%	4h	0.008030	−0.124%	$158K	$20K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.008040	0.000%	$412K	$67K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.008035	−0.067%	$5K	$20K	5x	as long as short
Binance XAIUSDTshort	+0.0100%	4h	0.008037	−0.042%	$1.6M	$2.1M	25x
Bybit XAIUSDT	+0.0100%	4h	0.008041	+0.012%	$654K	$409K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.008030	−0.124%	$81K	$50K	50x	as long as short
MEXC XAI_USDTlong	+0.0100%	4h	0.008040	long leg	$1.9M	$416K	50x
KuCoin XAIUSDTM	+0.0100%	4h	0.008050	+0.124%	$189K	$44K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.008036	−0.050%	$454K	$250K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.008041	+0.012%	—	$2.3M	—	as long as short