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Funding arb · Price arb /

XPIN

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 12:00 UTC−0.0458%/8h= −50.1% APRnext payment −$2.29 per $10,000 · paid last 24h +0.050%
Price spread now: BloFin against KuCoin+0.442%65s7-day average +0.298% · you sell dearer than you buy
Net, funding: paid 7d − costs−$596as 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−$5745.736% of the position
Long on KuCoinShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.229%−$23 on $10k
Price spread, last 4 days (all we have)+0.170%+$17 · spread now +0.442%, 7d avg +0.298%
Together, before fees−0.058%−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.144% dearer against KuCoin than usual: you sell high and buy low (spread +0.442% now, against its 7-day average of +0.298%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.229% in total) that is about 4.4 days. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XPINUSDTM0.00088210.0506pay 0.0253% / 4h3h 44m$1.3M$97K20x
ShortBloFin XPIN-USDT0.00088600.0048get 0.0024% / 4h3h 44m$524K$17K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Funding earned
−$96.14
Price spread: +0.442% → +0.298%
$14.38
Slippage, 4 orders
−$549.6
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$655.36
Costs to cover
5.736%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; BloFin: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago19.24 bp232.9 bp −$233doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 32 min ago16.94 bp44.8 bp −$45122.6 bp −$1,226doesn't fitdoesn't fit

XPIN on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin XPIN-USDTshort+0.0048%4h0.0008860+0.442%$524K$17K50x
Aster XPINUSDT+0.0100%4h0.0008831+0.114%$26K$22K5xas long as short
Binance XPINUSDT+0.0100%4h0.0008855+0.383%$8.2M$2.2M50xas long as short
Gate XPIN_USDT+0.0100%8h0.0008822+0.011%$1.2M$150K50xas long as short
MEXC XPIN_USDT+0.0100%4h0.0008840+0.215%$385K$130K100xas long as short
Bitget XPINUSDT+0.0100%4h0.0008875+0.612%$1.2M$280K50xas long as short
Variational Omni XPIN+0.0100%4h0.0008822+0.012%$462$4K—as long as short
Bybit XPINUSDT+0.0355%4h0.0008819−0.023%$2.5M$632K20xas long as short
KuCoin XPINUSDTMlong+0.0506%4h0.0008821long leg$1.3M$97K20x
BingX XPIN-USDT+0.0622%4h0.0008840+0.215%—$6.5M—as long as short