Funding you earn now, next payment 04:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.070%
Price spread now: Binance against Gate+0.055%7-day average +0.430% · you sell dearer than you buy
Net, funding: paid 7d − costs−$725as in the Funding arb table
Net, price: spread back to 7d avg − costs−$775as in the Price arb table
costs, in and out, $10k−$7387.376% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 7 days+0.374%+$37 · spread now +0.055%, 7d avg +0.430%
=Funding pays, the price is against you. Binance is 0.375% cheaper against Gate than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.430%). If the spread goes back, that is −$38 on $10k: about 4.3 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.122% in total) that is about 21 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XPIN_USDT | 0.0009045 | 0.0100 | pay 0.0100% / 8h | 4h 52m | $1.3M | $170K | 50x |
| Short | Binance XPINUSDT | 0.0009050 | 0.0394 | get 0.0197% / 4h | 52m 28s | $8.4M | $2.7M | 50x |
Gate XPIN_USDT
Binance XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $61.74
- Price spread: +0.055% → +0.430%
- −$37.5
- Slippage, 4 orders
- −$712.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$713.35
- Costs to cover
- 7.376%
- Break-even
- 87.9 days
Slippage from Gate: live order book, 5 min ago; Binance: live order book, 2 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 Gate live order book, 5 min ago | 18.21 bp | 235.9 bp −$236 | 24727.3 bp −$247.3K | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 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_USDTlong | +0.0100% | 8h | 0.0009045 | long leg | $1.3M | $170K | 50x | |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0009043 | −0.022% | $1.3M | $110K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0009072 | +0.299% | $1.2M | $346K | 50x | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0009072 | +0.299% | $475 | $4K | — | as long as short |
| Aster XPINUSDT | +0.0243% | 4h | 0.0009042 | −0.035% | $27K | $24K | 5x | as long as short |
| Bybit XPINUSDT | +0.0271% | 4h | 0.0009036 | −0.100% | $2.5M | $802K | 20x | as long as short |
| BloFin XPIN-USDT | +0.0365% | 4h | 0.0009060 | +0.166% | $548K | $18K | 50x | as long as short |
| Binance XPINUSDTshort | +0.0394% | 4h | 0.0009050 | +0.055% | $8.4M | $2.7M | 50x | |
| BingX XPIN-USDT | +0.0404% | 4h | 0.0009040 | −0.055% | — | $6.5M | — | as long as short |
| MEXC XPIN_USDT | +0.0410% | 4h | 0.0009050 | +0.055% | $376K | $128K | 100x | as long as short |
KuCoin XPINUSDTM
Bitget XPINUSDT
Variational Omni XPIN
Aster XPINUSDT
Bybit XPINUSDT
BloFin XPIN-USDT
BingX XPIN-USDT
MEXC XPIN_USDT