Funding you earn now, next payment 04:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.60 per $10,000 · paid last 24h −0.317%
Price spread now: Binance against Bybit+0.228%7-day average +0.274% · you sell dearer than you buy
Net, funding: paid 7d − costs−$803as in the Funding arb table
Net, price: spread back to 7d avg − costs−$725as in the Price arb table
costs, in and out, $10k−$7217.207% of the position
Funding, last 7 days−0.826%−$83 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now +0.228%, 7d avg +0.274%
=Funding pays, the price is against you. Binance is 0.047% cheaper against Bybit than usual: you would sell low and buy high (spread +0.228% now, against its 7-day average of +0.274%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.826%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XPINUSDT | 0.0009004 | 0.0257 | pay 0.0129% / 4h | 51m 05s | $2.5M | $801K | 20x |
| Short | Binance XPINUSDT | 0.0009024 | 0.0378 | get 0.0189% / 4h | 51m 05s | $8.3M | $2.7M | 50x |
Bybit XPINUSDT
Binance XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $25.39
- Price spread: +0.228% → +0.274%
- −$4.67
- Slippage, 4 orders
- −$699.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$700.02
- Costs to cover
- 7.207%
- Break-even
- 200.0 days
Slippage from Bybit: live order book, 1 min ago; Binance: 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 Bybit live order book, 1 min ago | 5.54 bp | 329.7 bp −$330 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 5.52 bp | 62.1 bp −$62 | 305.5 bp −$3,055 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPIN_USDT | +0.0100% | 8h | 0.0009030 | +0.289% | $1.3M | $170K | 50x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0009021 | +0.189% | $1.3M | $110K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0009052 | +0.533% | $1.2M | $346K | 50x | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0009002 | −0.023% | $472 | $4K | — | as long as short |
| Aster XPINUSDT | +0.0234% | 4h | 0.0009021 | +0.185% | $27K | $24K | 5x | as long as short |
| Bybit XPINUSDTlong | +0.0257% | 4h | 0.0009004 | long leg | $2.5M | $801K | 20x | |
| BloFin XPIN-USDT | +0.0346% | 4h | 0.0009050 | +0.511% | $547K | $18K | 50x | as long as short |
| Binance XPINUSDTshort | +0.0378% | 4h | 0.0009024 | +0.228% | $8.3M | $2.7M | 50x | |
| MEXC XPIN_USDT | +0.0392% | 4h | 0.0009020 | +0.178% | $375K | $128K | 100x | as long as short |
| BingX XPIN-USDT | +0.0404% | 4h | 0.0009010 | +0.067% | — | $6.5M | — | as long as short |
Gate XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
Variational Omni XPIN
Aster XPINUSDT
BloFin XPIN-USDT
MEXC XPIN_USDT
BingX XPIN-USDT