Funding you earn now, next payment 12:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.67 per $10,000 · paid last 24h +0.258%
Price spread now: Bybit against KuCoin−0.170%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$922as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,000as in the Price arb table
costs, in and out, $10k−$9829.821% of the position
Funding, last 7 days+0.602%+$60 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now −0.170%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.177% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.602%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XPINUSDTM | 0.0008844 | 0.0440 | pay 0.0220% / 4h | 3h 51m | $1.3M | $97K | 20x |
| Short | Bybit XPINUSDT | 0.0008829 | 0.0307 | get 0.0153% / 4h | 3h 51m | $2.5M | $634K | 20x |
KuCoin XPINUSDTM
Bybit XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$27.99
- Price spread: −0.170% → +0.008%
- −$17.73
- Slippage, 4 orders
- −$959.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,027.78
- Costs to cover
- 9.821%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago | 19.80 bp | 286.0 bp −$286 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 7.37 bp | 215.6 bp −$216 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XPINUSDT | +0.0100% | 4h | 0.0008833 | −0.127% | $27K | $22K | 5x | as long as short |
| Binance XPINUSDT | +0.0100% | 4h | 0.0008855 | +0.124% | $8.2M | $2.2M | 50x | as long as short |
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008824 | −0.226% | $1.2M | $150K | 50x | as long as short |
| MEXC XPIN_USDT | +0.0100% | 4h | 0.0008850 | +0.068% | $386K | $130K | 100x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008872 | +0.317% | $1.2M | $279K | 50x | as long as short |
| Variational Omni XPIN | +0.0100% | 4h | 0.0008829 | −0.169% | $462 | $4K | — | as long as short |
| BloFin XPIN-USDT | +0.0137% | 4h | 0.0008840 | −0.045% | $522K | $16K | 50x | as long as short |
| Bybit XPINUSDTshort | +0.0307% | 4h | 0.0008829 | −0.170% | $2.5M | $634K | 20x | |
| KuCoin XPINUSDTMlong | +0.0440% | 4h | 0.0008844 | long leg | $1.3M | $97K | 20x | |
| BingX XPIN-USDT | +0.5504% | 4h | 0.0008850 | +0.068% | — | $6.5M | — | as long as short |
Aster XPINUSDT
Binance XPINUSDT
Gate XPIN_USDT
MEXC XPIN_USDT
Bitget XPINUSDT
Variational Omni XPIN
BloFin XPIN-USDT
BingX XPIN-USDT