XAI arbitrage explained
Right now SideShift (XAI) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.008939 and the highest bid on KuCoin spot at $0.00895.
The widest XAI perpetual spread is between Bybit and Binance: long XAI on Bybit at $0.008939 and short on Binance at $0.008949 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.049% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best XAI route is to buy spot on Bybit and short the perpetual on Binance: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.
Spot–spot XAI arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small XAI gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: XAI funding rates · XAI spread charts · SideShift price · arbitrage scanner for all coins.