Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.034%
Price spread now: Bybit against BingX−0.200%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$635as in the Funding arb table
Net, price: spread back to 7d avg − costs−$645as in the Price arb table
costs, in and out, $10k−$6366.365% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.200%, 7d avg −0.115%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.085% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XPIN-USDT | 0.0009020 | 0.0166 | pay 0.0083% / 4h | 3m 52s | — | $6.5M | — |
| Short | Bybit XPINUSDT | 0.0009002 | 0.0160 | get 0.0080% / 4h | 3m 52s | $2.5M | $789K | 20x |
BingX XPIN-USDT
Bybit XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$1.26
- Price spread: −0.200% → −0.115%
- −$8.48
- Slippage, 4 orders
- −$615.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$646.23
- Costs to cover
- 6.365%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 5.53 bp | 67.8 bp −$68 | 213.9 bp −$2,139 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.65 bp | 236.8 bp −$237 | doesn't fit | 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-USDT | +0.0065% | 4h | 0.0009060 | +0.443% | $545K | $18K | 50x | as long as short |
| Aster XPINUSDT | +0.0100% | 4h | 0.0008997 | −0.251% | $27K | $24K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0009033 | +0.149% | $8.3M | $2.6M | 50x | as long as short |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0009008 | −0.133% | $1.3M | $173K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0009030 | +0.111% | $378K | $131K | 100x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008992 | −0.310% | $1.3M | $108K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0009050 | +0.333% | $1.3M | $339K | 50x | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0009011 | −0.101% | $472 | $4K | — | as long as short |
| Bybit XPINUSDTshort | +0.0160% | 4h | 0.0009002 | −0.200% | $2.5M | $789K | 20x | |
| BingX XPIN-USDTlong | +0.0166% | 4h | 0.0009020 | long leg | — | $6.5M | — |
BloFin XPIN-USDT
Aster XPINUSDT
Binance XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
Variational Omni XPIN