Settings8H · net · $10k
Funding arb · Price arb /

XAN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.032%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$678as in the Funding arb table
Net, price: spread back to 7d avg − costs−$689as in the Price arb table
costs, in and out, $10k−$6786.778% of the position
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)−0.077%−$8 · spread now +0.032%, 7d avg +0.143%
Together, before fees−0.077%−$8 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 0.111% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.143%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XANUSDT0.012530.0100pay 0.0050% / 4h8m 40s$1.0M$213K13x
ShortBitget XANUSDT0.012530.0100get 0.0050% / 4h8m 40s$416K$160K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Funding earned
$0
Price spread: +0.032% → +0.143%
−$11.14
Slippage, 4 orders
−$654.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$688.92
Costs to cover
6.778%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago6.39 bp294.3 bp −$294doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 62 min ago4.76 bp48.9 bp −$49438.3 bp −$4,383doesn't fitdoesn't fit

XAN on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XANUSDTlong+0.0100%4h0.01253long leg$1.0M$213K13x
KuCoin XANUSDTM+0.0100%4h0.01255+0.176%$621K$1.7M50xas long as short
Bitget XANUSDTshort+0.0100%4h0.01253+0.032%$416K$160K50x
Variational Omni XAN+0.0100%4h0.01253−0.003%$7K$2Kas long as short
Gate XAN_USDT+0.0276%4h0.01254+0.072%$248K$46K20xas long as short
BingX XAN-USDT+0.0536%4h0.01254+0.072%$1.3Mas long as short
Binance XANUSDT+0.0555%4h0.01254+0.104%$2.1M$1.4M50xas long as short
MEXC XAN_USDT+0.0556%4h0.01255+0.152%$9.0M$110K50xas long as short
Aster XANUSDT+0.0653%4h0.01254+0.122%$45K$9K5xas long as short