Settings8H · net · $10k
Funding arb · Price arb /

XPIN

all XPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: BingX against Bybit+0.157%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$653as in the Funding arb table
Net, price: spread back to 7d avg − costs−$648as in the Price arb table
costs, in and out, $10k−$6526.515% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days−0.078%−$8 · spread now +0.157%, 7d avg +0.118%
Together, before fees−0.095%−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.039% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XPINUSDT0.00089260.0100pay 0.0050% / 4h42m 44s$2.5M$633K20x
ShortBingX XPIN-USDT0.00089400.0100get 0.0050% / 4h42m 44s$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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

Funding earned
$0
Price spread: +0.157% → +0.118%
$3.9
Slippage, 4 orders
−$630.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$647.64
Costs to cover
6.515%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago4.47 bp284.8 bp −$285doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago16.77 bp69.5 bp −$70175.6 bp −$1,756685.3 bp −$68.5Kdoesn't fit

XPIN on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin XPIN-USDT+0.0053%4h0.0008970+0.493%$533K$17K50xas long as short
Aster XPINUSDT+0.0100%4h0.0008935+0.105%$27K$22K5xas long as short
Binance XPINUSDT+0.0100%4h0.0008958+0.359%$8.3M$2.3M50xas long as short
Bybit XPINUSDTlong+0.0100%4h0.0008926long leg$2.5M$633K20x
Gate XPIN_USDT+0.0100%8h0.0008936+0.112%$1.2M$152K50xas long as short
MEXC XPIN_USDT+0.0100%4h0.0008950+0.269%$392K$129K100xas long as short
KuCoin XPINUSDTM+0.0100%4h0.0008942+0.179%$1.3M$94K20xas long as short
Bitget XPINUSDT+0.0100%4h0.0008969+0.482%$1.2M$293K50xas long as short
BingX XPIN-USDTshort+0.0100%4h0.0008940+0.157%$6.5M
Variational Omni XPIN+0.0100%4h0.0008937+0.126%$468$4Kas long as short