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: Bitget against MEXC−0.138%7-day average +0.015% · 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−$89as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on MEXC 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)+0.145%+$15 · spread now −0.138%, 7d avg +0.015%

Together, before fees+0.145%+$15 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 0.154% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAI_USDT	0.007944	0.0100	pay 0.0050% / 4h	49m 27s	$1.9M	$435K	50x
Short	Bitget XAIUSDT	0.007933	0.0100	get 0.0050% / 4h	49m 27s	$441K	$261K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → +0.015%: −$15.36
Slippage, 4 orders: −$61.27
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.62
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 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 MEXC live order book, 2 min ago	3.78 bp	9.6 bp −$10	56.3 bp −$563	409.6 bp −$41.0K	doesn't fit
Sell Bitget live order book, 1 min ago	8.81 bp	30.9 bp −$31	86.3 bp −$863	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	+0.0086%	4h	0.007951	+0.088%	$160K	$19K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.007940	−0.050%	$407K	$67K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.007944	−0.003%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.007933	−0.132%	$1.5M	$2.0M	25x	as long as short
Bybit XAIUSDT	+0.0100%	4h	0.007934	−0.126%	$652K	$418K	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.007940	−0.050%	$79K	$39K	50x	as long as short
MEXC XAI_USDTlong	+0.0100%	4h	0.007944	long leg	$1.9M	$435K	50x
KuCoin XAIUSDTM	+0.0100%	4h	0.007960	+0.201%	$178K	$46K	25x	as long as short
Bitget XAIUSDTshort	+0.0100%	4h	0.007933	−0.138%	$441K	$261K	25x
BingX XAI-USDT	+0.0100%	4h	0.007939	−0.063%	—	$2.3M	—	as long as short