XPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0691%/8h= +75.6% APRnext payment +$3.45 per $10,000 · paid last 24h −0.050%

Price spread now: KuCoin against BloFin−0.068%95s7-day average −0.294% · you buy dearer than you sell

Net, funding: paid 7d − costs−$747as 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−$7707.703% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now −0.068%, 7d avg −0.294%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.225% dearer against BloFin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.294%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.45 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPIN-USDT	0.0008780	0.0139	pay 0.0070% / 4h	2h 17m	$518K	$17K	50x
Short	KuCoin XPINUSDTM	0.0008774	0.0830	get 0.0415% / 4h	2h 17m	$1.3M	$93K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $145.08
Price spread: −0.068% → −0.294%: $22.53
Slippage, 4 orders: −$746.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$602.72
Costs to cover: 7.703%
Break-even: 36.1 days

Slippage from BloFin: live order book, 31 min ago; KuCoin: live order book, 6 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, 31 min ago	11.31 bp	39.0 bp −$39	181.3 bp −$1,813	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	24.50 bp	469.2 bp −$469	doesn't fit	doesn't fit	doesn't fit

XPIN on 10 exchanges

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	0.0008753	−0.305%	$26K	$22K	5x	as long as short
Binance XPINUSDT	+0.0100%	4h	0.0008775	−0.057%	$8.1M	$2.0M	50x	as long as short
Bybit XPINUSDT	+0.0100%	4h	0.0008748	−0.364%	$2.5M	$618K	20x	as long as short
Gate XPIN_USDT	+0.0100%	8h	0.0008749	−0.353%	$1.2M	$138K	50x	as long as short
MEXC XPIN_USDT	+0.0100%	4h	0.0008770	−0.114%	$380K	$133K	100x	as long as short
Bitget XPINUSDT	+0.0100%	4h	0.0008788	+0.091%	$1.2M	$235K	50x	as long as short
BingX XPIN-USDT	+0.0100%	4h	0.0008760	−0.228%	—	$6.5M	—	as long as short
Variational Omni XPIN	+0.0100%	4h	0.0008751	−0.328%	$458	$4K	—	as long as short
BloFin XPIN-USDTlong	+0.0139%	4h	0.0008780	long leg	$518K	$17K	50x
KuCoin XPINUSDTMshort	+0.0830%	4h	0.0008774	−0.068%	$1.3M	$93K	20x