Funding you earn now, next payment 04:00 UTC+0.0638%/8h= +69.9% APRpaid last 24h +0.387%
Price spread now: Bybit against Gate−0.111%7-day average +0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,047as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,169as in the Price arb table
costs, in and out, $10k−$1,14211.421% of the position
Funding, last 7 days+0.948%+$95 on $10k
+Price spread, last 7 days+0.182%+$18 · spread now −0.111%, 7d avg +0.156%
=Funding pays, the price is against you. Bybit is 0.268% cheaper against Gate than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.156%). If the spread goes back, that is −$27 on $10k: about 34 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XPIN_USDT | 0.0008970 | 0.0100 | pay 0.0100% / 8h | 5h 43m | $1.2M | $178K | 50x |
| Short | Bybit XPINUSDT | 0.0008960 | 0.0738 | get 0.0369% / 4h | 1h 43m | $2.5M | $796K | 20x |
Gate XPIN_USDT
Bybit XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $133.96
- Price spread: −0.111% → +0.156%
- −$26.78
- Slippage, 4 orders
- −$1,116.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,034.94
- Costs to cover
- 11.421%
- Break-even
- 61.1 days
Slippage from Gate: live order book, 4 min ago; Bybit: 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, 4 min ago | 11.13 bp | 278.0 bp −$278 | 24874.9 bp −$248.7K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 7.80 bp | 296.0 bp −$296 | doesn't fit | 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 | 0.0008970 | long leg | $1.2M | $178K | 50x | |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008952 | −0.201% | $1.3M | $109K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0009009 | +0.435% | $1.2M | $362K | 50x | as long as short |
| Variational Omni XPIN | +0.0363% | 4h | 0.0008983 | +0.150% | $470 | $5K | — | as long as short |
| Aster XPINUSDT | +0.0665% | 4h | 0.0008984 | +0.158% | $27K | $24K | 5x | as long as short |
| Bybit XPINUSDTshort | +0.0738% | 4h | 0.0008960 | −0.111% | $2.5M | $796K | 20x | |
| Binance XPINUSDT | +0.0870% | 4h | 0.0009000 | +0.334% | $8.3M | $2.6M | 50x | as long as short |
| BloFin XPIN-USDT | +0.0883% | 4h | 0.0008970 | 0.000% | $549K | $18K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0886% | 4h | 0.0008990 | +0.223% | $365K | $128K | 100x | as long as short |
| BingX XPIN-USDT | +0.0894% | 4h | 0.0008990 | +0.223% | — | $6.5M | — | as long as short |
KuCoin XPINUSDTM
Bitget XPINUSDT
Variational Omni XPIN
Aster XPINUSDT
Binance XPINUSDT
BloFin XPIN-USDT
MEXC XPIN_USDT
BingX XPIN-USDT