Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.072%
Price spread now: BloFin against Gate+0.135%78s7-day average +0.407% · you sell dearer than you buy
Net, funding: paid 7d − costs−$999as 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−$1,01110.111% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.473%+$47 · spread now +0.135%, 7d avg +0.407%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.272% cheaper against Gate than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.407%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you. The two prices were read 78 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 | Gate XPIN_USDT | 0.0008898 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $1.2M | $160K | 50x |
| Short | BloFin XPIN-USDT | 0.0008910 | 0.0087 | get 0.0044% / 4h | 2h 21m | $534K | $17K | 50x |
Gate XPIN_USDT
BloFin XPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.67
- Price spread: +0.135% → +0.407%
- −$27.21
- Slippage, 4 orders
- −$984.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,040.99
- Costs to cover
- 10.111%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 4 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 | 15.28 bp | 351.0 bp −$351 | 25005.8 bp −$250.1K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 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 | +0.0087% | 4h | 0.0008910 | +0.135% | $534K | $17K | 50x | |
| Aster XPINUSDT | +0.0100% | 4h | 0.0008900 | +0.028% | $27K | $24K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008920 | +0.247% | $8.2M | $2.4M | 50x | as long as short |
| Bybit XPINUSDT | +0.0100% | 4h | 0.0008896 | −0.022% | $2.5M | $694K | 20x | as long as short |
| Gate XPIN_USDTlong | +0.0100% | 8h | 0.0008898 | long leg | $1.2M | $160K | 50x | |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0008910 | +0.135% | $370K | $130K | 100x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008907 | +0.101% | $1.3M | $93K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008919 | +0.236% | $1.2M | $317K | 50x | as long as short |
| BingX XPIN-USDT | +0.0100% | 4h | 0.0008910 | +0.135% | — | $6.5M | — | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008869 | −0.326% | $464 | $4K | — | as long as short |
Aster XPINUSDT
Binance XPINUSDT
Bybit XPINUSDT
MEXC XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
BingX XPIN-USDT
Variational Omni XPIN