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

XAN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0238%/8h= +26.1% APRnext payment +$1.19 per $10,000 · paid last 24h +0.143%
Price spread now: MEXC against KuCoin+0.137%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$864as in the Funding arb table
Net, price: spread back to 7d avg − costs−$902as in the Price arb table
costs, in and out, $10k−$9139.127% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.487%+$49 on $10k
Price spread, last 7 days−0.076%−$8 · spread now +0.137%, 7d avg +0.035%
Together, before fees+0.411%+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC is 0.102% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XANUSDTM0.012390.0100pay 0.0050% / 4h2h 17m$613K$1.8M50x
ShortMEXC XAN_USDT0.012410.0338get 0.0169% / 4h2h 17m$9.0M$118K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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
$49.98
Price spread: +0.137% → +0.035%
$10.2
Slippage, 4 orders
−$896.68
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$852.51
Costs to cover
9.127%
Break-even
126.4 days
Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 3 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 KuCoin live order book, 2 min ago9.67 bp441.7 bp −$442doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago1.61 bp27.1 bp −$2757.2 bp −$572245.1 bp −$24.5Kdoesn't fit

XAN on 9 exchanges

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%4h0.01237−0.169%$1.0M$205K13xas long as short
Gate XAN_USDT+0.0100%4h0.01239+0.008%$247K$38K20xas long as short
KuCoin XANUSDTMlong+0.0100%4h0.01239long leg$613K$1.8M50x
Bitget XANUSDT+0.0100%4h0.01240+0.040%$413K$136K50xas long as short
Variational Omni XAN+0.0100%4h0.01238−0.125%$8K$2Kas long as short
Binance XANUSDT+0.0334%4h0.01241+0.113%$2.1M$1.3M50xas long as short
MEXC XAN_USDTshort+0.0338%4h0.01241+0.137%$9.0M$118K50x
BingX XAN-USDT+0.0344%4h0.01239+0.008%$1.3Mas long as short
Aster XANUSDT+0.0546%4h0.01238−0.076%$44K$9K5xas long as short