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

XAN

all XAN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0508%/8h= −55.6% APRnext payment $2.54 per $10,000 · paid last 24h −0.129%
Price spread now: KuCoin against MEXC−0.120%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$983as in the Funding arb table
Net, price: spread back to 7d avg − costs−$944as in the Price arb table
costs, in and out, $10k−$9359.353% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.475%−$48 on $10k
Price spread, last 7 days+0.073%+$7 · spread now −0.120%, 7d avg −0.035%
Together, before fees−0.402%−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.085% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XAN_USDT0.012470.0608pay 0.0304% / 4h3h 49m$9.0M$109K50x
ShortKuCoin XANUSDTM0.012450.0100get 0.0050% / 4h3h 49m$617K$1.8M50x

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

Funding earned
−$106.68
Price spread: −0.120% → −0.035%
−$8.51
Slippage, 4 orders
−$919.26
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,050.45
Costs to cover
9.353%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 2 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 MEXC live order book, 3 min ago3.61 bp25.0 bp −$2558.7 bp −$587330.6 bp −$33.1Kdoesn't fit
Sell KuCoin live order book, 2 min ago9.23 bp468.6 bp −$469doesn't fitdoesn'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 XANUSDT+0.0100%4h0.01245−0.144%$1.0M$211K13xas long as short
Gate XAN_USDT+0.0100%4h0.01247−0.032%$248K$28K20xas long as short
KuCoin XANUSDTMshort+0.0100%4h0.01245−0.120%$617K$1.8M50x
Bitget XANUSDT+0.0100%4h0.01247−0.032%$417K$125K50xas long as short
Variational Omni XAN+0.0100%4h0.01244−0.202%$7K$2Kas long as short
BingX XAN-USDT+0.0580%4h0.01246−0.064%$1.3Mas long as short
MEXC XAN_USDTlong+0.0608%4h0.01247long leg$9.0M$109K50x
Binance XANUSDT+0.0609%4h0.01246−0.040%$2.1M$1.4M50xas long as short
Aster XANUSDT+0.0826%4h0.01246−0.067%$45K$8K5xas long as short