Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$1.47 per $10,000 · paid last 24h −0.070%
Price spread now: Bitget against Binance+0.177%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2502.496% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days−0.156%−$16 · spread now +0.177%, 7d avg +0.107%
=The price spread pays, funding is against you. Bitget is 0.070% dearer against Binance than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.107%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.122% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XPINUSDT | 0.0009060 | 0.0394 | pay 0.0197% / 4h | 52m 32s | $8.4M | $2.7M | 50x |
| Short | Bitget XPINUSDT | 0.0009076 | 0.0100 | get 0.0050% / 4h | 52m 32s | $1.2M | $346K | 50x |
Binance XPINUSDT
Bitget XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.74
- Price spread: +0.177% → +0.107%
- $6.97
- Slippage, 4 orders
- −$227.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$304.34
- Costs to cover
- 2.496%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 4 min ago.
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 Binance live order book, 2 min ago | 5.52 bp | 62.2 bp −$62 | 388.4 bp −$3,884 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.23 bp | 78.2 bp −$78 | 549.9 bp −$5,499 | doesn't fit | doesn't fit |
XPIN on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPIN_USDT | +0.0100% | 8h | 0.0009045 | −0.166% | $1.3M | $170K | 50x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0009041 | −0.210% | $1.3M | $110K | 20x | as long as short |
| Bitget XPINUSDTshort | +0.0100% | 4h | 0.0009076 | +0.177% | $1.2M | $346K | 50x | |
| Variational Omni XPIN | +0.0100% | 4h | 0.0009072 | +0.132% | $475 | $4K | — | as long as short |
| Aster XPINUSDT | +0.0243% | 4h | 0.0009042 | −0.201% | $27K | $24K | 5x | as long as short |
| Bybit XPINUSDT | +0.0271% | 4h | 0.0009036 | −0.265% | $2.5M | $802K | 20x | as long as short |
| BloFin XPIN-USDT | +0.0365% | 4h | 0.0009060 | 0.000% | $548K | $18K | 50x | as long as short |
| Binance XPINUSDTlong | +0.0394% | 4h | 0.0009060 | long leg | $8.4M | $2.7M | 50x | |
| BingX XPIN-USDT | +0.0404% | 4h | 0.0009050 | −0.110% | — | $6.5M | — | as long as short |
| MEXC XPIN_USDT | +0.0410% | 4h | 0.0009060 | 0.000% | $376K | $128K | 100x | as long as short |
Gate XPIN_USDT
KuCoin XPINUSDTM
Variational Omni XPIN
Aster XPINUSDT
Bybit XPINUSDT
BloFin XPIN-USDT
BingX XPIN-USDT
MEXC XPIN_USDT