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

XAI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment $0.26 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin+0.126%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.126%, 7d avg −0.005%
Together, before fees−0.160%−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.131% dearer against BloFin than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of −0.005%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 7 days (−0.004% in total) that is about 8 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAI-USDT0.0079190.0152pay 0.0076% / 4h1h 21m$160K$19K25x
ShortBinance XAIUSDT0.0079290.0100get 0.0050% / 4h1h 21m$1.5M$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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
−$10.96
Price spread: +0.126% → −0.005%
$13.09
Slippage, 4 orders
−$86.7
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$106.57
Costs to cover
1.087%
Break-even
never at this rate
Slippage from BloFin: live order book, 54 min ago; Binance: live order book, 13 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 BloFin live order book, 54 min ago1.89 bp23.2 bp −$2357.4 bp −$574doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago1.90 bp33.7 bp −$34111.4 bp −$1,114doesn't fitdoesn't fit

XAI on 10 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
Hyperliquid XAI+0.0100%1h0.007930+0.139%$406K$64K3xas long as short
Aster XAIUSDT+0.0100%4h0.007921+0.028%$5K$21K5xas long as short
Binance XAIUSDTshort+0.0100%4h0.007929+0.126%$1.5M$2.0M25x
Bybit XAIUSDT+0.0100%4h0.007922+0.038%$655K$389K25xas long as short
Gate XAI_USDT+0.0100%4h0.007925+0.076%$78K$39K50xas long as short
MEXC XAI_USDT+0.0100%4h0.007927+0.101%$1.9M$428K50xas long as short
KuCoin XAIUSDTM+0.0100%4h0.007920+0.013%$177K$43K25xas long as short
Bitget XAIUSDT+0.0100%4h0.007922+0.038%$472K$288K25xas long as short
BingX XAI-USDT+0.0100%4h0.007929+0.126%$2.3Mas long as short
BloFin XAI-USDTlong+0.0152%4h0.007919long leg$160K$19K25x