Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.229%
Price spread now: BloFin against BingX−0.339%96s7-day average +0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as 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−$2042.035% of the position
Funding, last 7 days−0.810%−$81 on $10k
+Price spread, last 4 days (all we have)+0.599%+$60 · spread now −0.339%, 7d avg +0.108%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.447% cheaper against BingX than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.108%). Swap the legs. The two prices were read 96 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 | BingX XPIN-USDT | 0.0008840 | 0.0100 | pay 0.0050% / 4h | 3h 59m | — | $6.5M | — |
| Short | BloFin XPIN-USDT | 0.0008810 | 0.0075 | get 0.0038% / 4h | 3h 59m | $525K | $16K | 50x |
BingX XPIN-USDT
BloFin XPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$5.17
- Price spread: −0.339% → +0.108%
- −$44.73
- Slippage, 4 orders
- −$181.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$253.45
- Costs to cover
- 2.035%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 16 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 BingX live order book, 6 min ago | 16.94 bp | 61.5 bp −$61 | 200.1 bp −$2,001 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 16.94 bp | 44.8 bp −$45 | 122.6 bp −$1,226 | 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 | +0.0075% | 4h | 0.0008810 | −0.339% | $525K | $16K | 50x | |
| Aster XPINUSDT | +0.0100% | 4h | 0.0008835 | −0.061% | $27K | $22K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008845 | +0.057% | $8.2M | $2.3M | 50x | as long as short |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008824 | −0.181% | $1.2M | $150K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0008840 | 0.000% | $385K | $129K | 100x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008842 | +0.023% | $1.2M | $290K | 50x | as long as short |
| BingX XPIN-USDTlong | +0.0100% | 4h | 0.0008840 | long leg | — | $6.5M | — | |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008823 | −0.189% | $461 | $4K | — | as long as short |
| Bybit XPINUSDT | +0.0172% | 4h | 0.0008837 | −0.034% | $2.5M | $632K | 20x | as long as short |
| KuCoin XPINUSDTM | +0.0400% | 4h | 0.0008831 | −0.102% | $1.3M | $97K | 20x | as long as short |
Aster XPINUSDT
Binance XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
Bitget XPINUSDT
Variational Omni XPIN
Bybit XPINUSDT
KuCoin XPINUSDTM