Funding arb · Price arb /

XAI

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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: BingX against MEXC+0.063%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

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

costs, in and out, $10k−$810.811% of the position

Long on MEXC 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)−0.067%−$7 · spread now +0.063%, 7d avg +0.036%

Together, before fees−0.067%−$7 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 0.027% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAI_USDT	0.007999	0.0100	pay 0.0050% / 4h	2h 22m	$2.0M	$458K	50x
Short	BingX XAI-USDT	0.008004	0.0100	get 0.0050% / 4h	2h 22m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.036%: $2.69
Slippage, 4 orders: −$71.05
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$78.36
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago	2.50 bp	8.0 bp −$8	58.5 bp −$585	428.7 bp −$42.9K	doesn't fit
Sell BingX live order book, 6 min ago	9.37 bp	35.1 bp −$35	80.0 bp −$800	621.4 bp −$62.1K	1043.6 bp −$521.8K

XAI on 9 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	0.007990	−0.113%	$409K	$66K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007997	−0.027%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.008000	+0.008%	$1.6M	$2.1M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.008001	+0.025%	$654K	$420K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007999	0.000%	$81K	$47K	50x	as long as short
MEXC XAI_USDTlong	+0.0100%	4h	0.007999	long leg	$2.0M	$458K	50x
KuCoin XAIUSDTM	+0.0100%	4h	0.008000	+0.013%	$179K	$46K	25x	as long as short
Bitget XAIUSDT	+0.0100%	4h	0.007995	−0.050%	$444K	$263K	25x	as long as short
BingX XAI-USDTshort	+0.0100%	4h	0.008004	+0.063%	—	$2.3M	—