Funding arb · Price arb /

XPIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.606%7-day average +0.537% · you sell dearer than you buy

Net, funding: paid 7d − costs−$635as in the Funding arb table

Net, price: spread back to 7d avg − costs−$628as in the Price arb table

costs, in and out, $10k−$6356.354% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.298%−$30 · spread now +0.606%, 7d avg +0.537%

Together, before fees−0.298%−$30 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: Bitget is 0.069% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.537%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPIN_USDT	0.0008912	0.0100	pay 0.0100% / 8h	1h 04m	$1.2M	$157K	50x
Short	Bitget XPINUSDT	0.0008966	0.0100	get 0.0050% / 4h	1h 04m	$1.2M	$294K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now +0.606%Rate

Funding earned: $0
Price spread: +0.606% → +0.537%: $6.89
Slippage, 4 orders: −$608.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$628.5
Costs to cover: 6.354%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: 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, 3 min ago	13.45 bp	233.2 bp −$233	25311.6 bp −$253.1K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	8.91 bp	83.2 bp −$83	540.9 bp −$5,409	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
Aster XPINUSDT	+0.0100%	4h	0.0008955	+0.487%	$27K	$22K	5x	as long as short
Binance XPINUSDT	+0.0100%	4h	0.0008940	+0.314%	$8.3M	$2.3M	50x	as long as short
Bybit XPINUSDT	+0.0100%	4h	0.0008921	+0.101%	$2.5M	$647K	20x	as long as short
Gate XPIN_USDTlong	+0.0100%	8h	0.0008912	long leg	$1.2M	$157K	50x
MEXC XPIN_USDT	+0.0100%	4h	0.0008940	+0.314%	$391K	$133K	100x	as long as short
KuCoin XPINUSDTM	+0.0100%	4h	0.0008916	+0.045%	$1.3M	$88K	20x	as long as short
Bitget XPINUSDTshort	+0.0100%	4h	0.0008966	+0.606%	$1.2M	$294K	50x
BingX XPIN-USDT	+0.0100%	4h	0.0008930	+0.202%	—	$6.5M	—	as long as short
Variational Omni XPIN	+0.0100%	4h	0.0008922	+0.112%	$467	$4K	—	as long as short
BloFin XPIN-USDT	+0.0156%	4h	0.0008970	+0.651%	$532K	$17K	50x	as long as short