Funding arb · Price arb /

XAI

all XAI markets

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: KuCoin against MEXC+0.100%7-day average +0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$633as in the Price arb table

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

Long on MEXC Short on KuCoin

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)−0.158%−$16 · spread now +0.100%, 7d avg +0.018%

Together, before fees−0.158%−$16 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: KuCoin is 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 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	MEXC XAI_USDT	0.008002	0.0100	pay 0.0050% / 4h	3h 47m	$1.9M	$436K	50x
Short	KuCoin XAIUSDTM	0.008010	0.0100	get 0.0050% / 4h	3h 47m	$179K	$45K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.018%: $8.19
Slippage, 4 orders: −$629.48
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$633.29
Costs to cover: 6.415%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 23 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	3.75 bp	9.6 bp −$10	54.0 bp −$540	430.7 bp −$43.1K	doesn't fit
Sell KuCoin live order book, 23 min ago	25.03 bp	406.3 bp −$406	doesn't fit	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
Bybit XAIUSDT	−0.0105%	4h	0.008000	−0.025%	$659K	$400K	25x	as long as short
Hyperliquid XAI	+0.0100%	1h	0.008000	−0.025%	$410K	$65K	3x	as long as short
Aster XAIUSDT	+0.0100%	4h	0.008007	+0.057%	$5K	$19K	5x	as long as short
Binance XAIUSDT	+0.0100%	4h	0.008002	0.000%	$1.6M	$2.0M	25x	as long as short
Gate XAI_USDT	+0.0100%	4h	0.008000	−0.025%	$80K	$39K	50x	as long as short
MEXC XAI_USDTlong	+0.0100%	4h	0.008002	long leg	$1.9M	$436K	50x
KuCoin XAIUSDTMshort	+0.0100%	4h	0.008010	+0.100%	$179K	$45K	25x
Bitget XAIUSDT	+0.0100%	4h	0.008002	0.000%	$453K	$252K	25x	as long as short
BingX XAI-USDT	+0.0100%	4h	0.008002	0.000%	—	$2.3M	—	as long as short
BloFin XAI-USDT	+0.0127%	4h	0.008011	+0.112%	$160K	$20K	25x	as long as short