Funding arb · Price arb /

XAN

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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 −0.020%

Price spread now: KuCoin against Gate+0.129%7-day average −0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.129%, 7d avg −0.022%

Together, before fees−0.321%−$32 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 0.151% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAN_USDT	0.01237	0.0100	pay 0.0050% / 4h	1h 33m	$245K	$36K	20x
Short	KuCoin XANUSDTM	0.01239	0.0100	get 0.0050% / 4h	1h 33m	$611K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → −0.022%: $15.11
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$11.89
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 23 min ago; KuCoin: live order book, 2 min ago. Net counts fees only.

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 Gate live order book, 23 min ago	12.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	11.30 bp	321.0 bp −$321	doesn't fit	doesn't fit	doesn't fit

XAN 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
Bybit XANUSDT	+0.0100%	4h	0.01236	−0.065%	$1.0M	$211K	13x	as long as short
Gate XAN_USDTlong	+0.0100%	4h	0.01237	long leg	$245K	$36K	20x
KuCoin XANUSDTMshort	+0.0100%	4h	0.01239	+0.129%	$611K	$1.7M	50x
Bitget XANUSDT	+0.0100%	4h	0.01236	−0.057%	$410K	$145K	50x	as long as short
Variational Omni XAN	+0.0100%	4h	0.01237	+0.009%	$7K	$2K	—	as long as short
MEXC XAN_USDT	+0.0508%	4h	0.01239	+0.154%	$8.9M	$108K	50x	as long as short
BingX XAN-USDT	+0.0508%	4h	0.01239	+0.129%	—	$1.3M	—	as long as short
Binance XANUSDT	+0.0510%	4h	0.01239	+0.162%	$2.1M	$1.4M	50x	as long as short
Aster XANUSDT	+0.0665%	4h	0.01237	−0.035%	$44K	$9K	5x	as long as short