Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against BloFin+0.224%94s7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as 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−$1501.497% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.449%−$45 · spread now +0.224%, 7d avg −0.080%
=The price spread pays, funding is against you. MEXC is 0.304% dearer against BloFin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of −0.080%): +$30 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. The two prices were read 94 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 | 0.0008920 | 0.0137 | pay 0.0069% / 4h | 2h 11m | $530K | $17K | 50x |
| Short | MEXC XPIN_USDT | 0.0008940 | 0.0100 | get 0.0050% / 4h | 2h 11m | $374K | $131K | 100x |
BloFin XPIN-USDT
MEXC XPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$7.85
- Price spread: +0.224% → −0.080%
- $30.4
- Slippage, 4 orders
- −$133.73
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$127.18
- Costs to cover
- 1.497%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 14 min ago; MEXC: live order book, 19 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, 14 min ago | 11.24 bp | 34.7 bp −$35 | 198.1 bp −$1,981 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 19 min ago | 5.61 bp | 26.0 bp −$26 | 165.6 bp −$1,656 | 378.3 bp −$37.8K | 673.7 bp −$336.9K |
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 | 0.0008917 | −0.035% | $27K | $24K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008939 | +0.212% | $8.3M | $2.4M | 50x | as long as short |
| Bybit XPINUSDT | +0.0100% | 4h | 0.0008910 | −0.112% | $2.5M | $691K | 20x | as long as short |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008896 | −0.269% | $1.2M | $160K | 50x | as long as short |
| MEXC XPIN_USDTshort | +0.0100% | 4h | 0.0008940 | +0.224% | $374K | $131K | 100x | |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008906 | −0.157% | $1.3M | $93K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008929 | +0.101% | $1.2M | $316K | 50x | as long as short |
| BingX XPIN-USDT | +0.0100% | 4h | 0.0008930 | +0.112% | — | $6.5M | — | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008921 | +0.006% | $467 | $4K | — | as long as short |
| BloFin XPIN-USDTlong | +0.0137% | 4h | 0.0008920 | long leg | $530K | $17K | 50x |
Aster XPINUSDT
Binance XPINUSDT
Bybit XPINUSDT
Gate XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
BingX XPIN-USDT
Variational Omni XPIN