Funding arb · Price arb /

XPIN

all XPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.072%

Price spread now: Gate against BloFin−0.045%7-day average −0.407% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,024as in the Funding arb table

Net, price: spread back to 7d avg − costs−$976as in the Price arb table

costs, in and out, $10k−$1,01210.119% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.563%−$56 · spread now −0.045%, 7d avg −0.407%

Together, before fees−0.684%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.362% dearer against BloFin than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.407%): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPIN-USDT	0.0008900	0.0133	pay 0.0067% / 4h	2h 20m	$531K	$17K	50x
Short	Gate XPIN_USDT	0.0008896	0.0100	get 0.0100% / 8h	2h 20m	$1.2M	$160K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: −$6.95
Price spread: −0.045% → −0.407%: $36.21
Slippage, 4 orders: −$984.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$982.64
Costs to cover: 10.119%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago	11.24 bp	34.7 bp −$35	198.1 bp −$1,981	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	17.43 bp	520.8 bp −$521	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	0.0008902	+0.022%	$27K	$24K	5x	as long as short
Binance XPINUSDT	+0.0100%	4h	0.0008933	+0.367%	$8.2M	$2.4M	50x	as long as short
Bybit XPINUSDT	+0.0100%	4h	0.0008898	−0.022%	$2.5M	$694K	20x	as long as short
Gate XPIN_USDTshort	+0.0100%	8h	0.0008896	−0.045%	$1.2M	$160K	50x
MEXC XPIN_USDT	+0.0100%	4h	0.0008920	+0.225%	$370K	$130K	100x	as long as short
KuCoin XPINUSDTM	+0.0100%	4h	0.0008887	−0.146%	$1.3M	$93K	20x	as long as short
Bitget XPINUSDT	+0.0100%	4h	0.0008919	+0.213%	$1.2M	$317K	50x	as long as short
BingX XPIN-USDT	+0.0100%	4h	0.0008920	+0.225%	—	$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	+0.0133%	4h	0.0008900	long leg	$531K	$17K	50x