Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.254%
Price spread now: BloFin against Bybit+0.292%52s7-day average +0.304% · you sell dearer than you buy
Net, funding: paid 7d − costs−$674as 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−$5915.913% of the position
Funding, last 7 days−0.828%−$83 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.292%, 7d avg +0.304%
=The price spread sits at its 7-day average of +0.304%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 52 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 | Bybit XPINUSDT | 0.0008914 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $2.5M | $682K | 20x |
| Short | BloFin XPIN-USDT | 0.0008940 | 0.0089 | get 0.0045% / 4h | 1h 34m | $531K | $17K | 50x |
Bybit XPINUSDT
BloFin XPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.21
- Price spread: +0.292% → +0.304%
- −$1.26
- Slippage, 4 orders
- −$568.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$594.79
- Costs to cover
- 5.913%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 52 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, 3 min ago | 6.73 bp | 291.9 bp −$292 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 11.24 bp | 55.8 bp −$56 | 178.5 bp −$1,785 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPIN-USDTshort | +0.0089% | 4h | 0.0008940 | +0.292% | $531K | $17K | 50x | |
| Aster XPINUSDT | +0.0100% | 4h | 0.0008948 | +0.376% | $27K | $22K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008948 | +0.377% | $8.3M | $2.4M | 50x | as long as short |
| Bybit XPINUSDTlong | +0.0100% | 4h | 0.0008914 | long leg | $2.5M | $682K | 20x | |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008920 | +0.067% | $1.2M | $155K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0008940 | +0.292% | $385K | $130K | 100x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008911 | −0.034% | $1.3M | $93K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008962 | +0.538% | $1.2M | $319K | 50x | as long as short |
| BingX XPIN-USDT | +0.0100% | 4h | 0.0008930 | +0.179% | — | $6.5M | — | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008908 | −0.068% | $467 | $4K | — | as long as short |
Aster XPINUSDT
Binance XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
BingX XPIN-USDT
Variational Omni XPIN