Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Binance−0.009%111s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2162.163% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.009%, 7d avg +0.017%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XPINUSDT | 0.0009051 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $8.4M | $2.6M | 50x |
| Short | BloFin XPIN-USDT | 0.0009050 | 0.0089 | get 0.0045% / 4h | 3h 55m | $546K | $18K | 50x |
Binance XPINUSDT
BloFin XPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.29
- Price spread: −0.009% → +0.017%
- −$2.57
- Slippage, 4 orders
- −$194.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$221.14
- Costs to cover
- 2.163%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 41 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, 14 min ago | 5.52 bp | 57.1 bp −$57 | 404.4 bp −$4,044 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 41 min ago | 5.56 bp | 47.1 bp −$47 | 139.0 bp −$1,390 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPIN-USDTshort | +0.0089% | 4h | 0.0009050 | −0.009% | $546K | $18K | 50x | |
| Aster XPINUSDT | +0.0100% | 4h | 0.0009017 | −0.376% | $27K | $24K | 5x | as long as short |
| Binance XPINUSDTlong | +0.0100% | 4h | 0.0009051 | long leg | $8.4M | $2.6M | 50x | |
| Bybit XPINUSDT | +0.0100% | 4h | 0.0009025 | −0.285% | $2.5M | $787K | 20x | as long as short |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0009014 | −0.407% | $1.3M | $159K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0009050 | −0.009% | $379K | $127K | 100x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0009005 | −0.506% | $1.3M | $108K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0009052 | +0.013% | $1.3M | $344K | 50x | as long as short |
| BingX XPIN-USDT | +0.0100% | 4h | 0.0009040 | −0.119% | — | $6.5M | — | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0009015 | −0.396% | $472 | $4K | — | as long as short |
Aster XPINUSDT
Bybit XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
BingX XPIN-USDT
Variational Omni XPIN