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

XAN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0442%/8h= +48.4% APRnext payment +$2.21 per $10,000 · paid last 24h +0.091%
Price spread now: BingX against Gate+0.024%7-day average −0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.297%+$30 on $10k
Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.024%, 7d avg −0.057%
Together, before fees+0.055%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.057%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.297% in total (about 15.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XAN_USDT0.012370.0100pay 0.0050% / 4h1h 43m$245K$36K20x
ShortBingX XAN-USDT0.012380.0542get 0.0271% / 4h1h 43m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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
$92.82
Price spread: +0.024% → −0.057%
$8.11
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
$75.93
Costs to cover
0.250%
Break-even
1.3 days
Slippage unknown: Gate: live order book, 13 min ago; BingX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 13 min ago12.86 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago4.85 bp40.0 bp −$40134.9 bp −$1,3491067.7 bp −$106.8K1301.0 bp −$650.5K

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 XANUSDT+0.0100%4h0.012370.000%$1.0M$210K13xas long as short
Gate XAN_USDTlong+0.0100%4h0.01237long leg$245K$36K20x
KuCoin XANUSDTM+0.0100%4h0.01238+0.057%$616K$1.7M50xas long as short
Bitget XANUSDT+0.0100%4h0.012370.000%$411K$145K50xas long as short
Variational Omni XAN+0.0100%4h0.01235−0.187%$7K$2Kas long as short
BingX XAN-USDTshort+0.0542%4h0.01238+0.024%$1.3M
MEXC XAN_USDT+0.0552%4h0.01237−0.032%$8.9M$107K50xas long as short
Binance XANUSDT+0.0560%4h0.01239+0.131%$2.1M$1.4M50xas long as short
Aster XANUSDT+0.0696%4h0.01236−0.137%$44K$9K5xas long as short