Funding you earn now, next payment 12:00 UTC−0.0516%/8h= −56.5% APRnext payment −$2.58 per $10,000 · paid last 24h −0.020%
Price spread now: Bitget against KuCoin+0.315%7-day average +0.391% · you sell dearer than you buy
Net, funding: paid 7d − costs−$859as in the Funding arb table
Net, price: spread back to 7d avg − costs−$831as in the Price arb table
costs, in and out, $10k−$8248.235% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now +0.315%, 7d avg +0.391%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bitget is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.391%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.351% in total (about -18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.58 per $10,000. 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 | KuCoin XPINUSDTM | 0.0008895 | 0.0616 | pay 0.0308% / 4h | 3h 09m | $1.3M | $100K | 20x |
| Short | Bitget XPINUSDT | 0.0008923 | 0.0100 | get 0.0050% / 4h | 3h 09m | $1.2M | $252K | 50x |
KuCoin XPINUSDTM
Bitget XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$108.36
- Price spread: +0.315% → +0.391%
- −$7.58
- Slippage, 4 orders
- −$799.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$939.46
- Costs to cover
- 8.235%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 1 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 KuCoin live order book, 5 min ago | 28.66 bp | 386.2 bp −$386 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 9.51 bp | 92.3 bp −$92 | 520.8 bp −$5,208 | 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-USDT | +0.0082% | 4h | 0.0008910 | +0.169% | $521K | $17K | 50x | as long as short |
| Aster XPINUSDT | +0.0100% | 4h | 0.0008895 | +0.004% | $27K | $22K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008900 | +0.056% | $8.2M | $2.2M | 50x | as long as short |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008886 | −0.101% | $1.2M | $153K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0008910 | +0.169% | $388K | $133K | 100x | as long as short |
| Bitget XPINUSDTshort | +0.0100% | 4h | 0.0008923 | +0.315% | $1.2M | $252K | 50x | |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008900 | +0.051% | $464 | $4K | — | as long as short |
| KuCoin XPINUSDTMlong | +0.0616% | 4h | 0.0008895 | long leg | $1.3M | $100K | 20x | |
| BingX XPIN-USDT | +0.0874% | 4h | 0.0008890 | −0.056% | — | $6.5M | — | as long as short |
| Bybit XPINUSDT | +0.1148% | 4h | 0.0008883 | −0.135% | $2.5M | $632K | 20x | as long as short |
BloFin XPIN-USDT
Aster XPINUSDT
Binance XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
Variational Omni XPIN
BingX XPIN-USDT
Bybit XPINUSDT