Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.254%
Price spread now: Bybit against BloFin+0.202%62s7-day average −0.303% · you sell dearer than you buy
Net, funding: paid 7d − costs−$540as 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−$6236.227% of the position
Funding, last 7 days+0.828%+$83 on $10k
+Price spread, last 4 days (all we have)−0.634%−$63 · spread now +0.202%, 7d avg −0.303%
=The price spread pays, funding is against you. Bybit is 0.505% dearer against BloFin than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.303%): +$50 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 days. Mind the row above: over the last 7 days funding on this pair paid +0.828%, so the current rate has only just turned against you. The two prices were read 62 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 | BloFin XPIN-USDT | 0.0008900 | 0.0157 | pay 0.0078% / 4h | 2h 18m | $531K | $17K | 50x |
| Short | Bybit XPINUSDT | 0.0008918 | 0.0100 | get 0.0050% / 4h | 2h 18m | $2.5M | $691K | 20x |
BloFin XPIN-USDT
Bybit XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$11.95
- Price spread: +0.202% → −0.303%
- $50.49
- Slippage, 4 orders
- −$599.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$584.13
- Costs to cover
- 6.227%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; Bybit: 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 BloFin live order book, 8 min ago | 11.24 bp | 34.7 bp −$35 | 198.1 bp −$1,981 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.62 bp | 222.5 bp −$222 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XPINUSDT | +0.0100% | 4h | 0.0008923 | +0.264% | $27K | $24K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008959 | +0.662% | $8.3M | $2.4M | 50x | as long as short |
| Bybit XPINUSDTshort | +0.0100% | 4h | 0.0008918 | +0.202% | $2.5M | $691K | 20x | |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008910 | +0.112% | $1.2M | $160K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0008950 | +0.562% | $371K | $130K | 100x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008917 | +0.191% | $1.3M | $93K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008919 | +0.213% | $1.2M | $316K | 50x | as long as short |
| BingX XPIN-USDT | +0.0100% | 4h | 0.0008940 | +0.449% | — | $6.5M | — | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008897 | −0.034% | $466 | $4K | — | as long as short |
| BloFin XPIN-USDTlong | +0.0157% | 4h | 0.0008900 | long leg | $531K | $17K | 50x |
Aster XPINUSDT
Binance XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
BingX XPIN-USDT
Variational Omni XPIN