Funding arb · Price arb /

XPIN

all XPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%

Price spread now: MEXC against KuCoin+0.411%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs−$963as in the Funding arb table

Net, price: spread back to 7d avg − costs−$921as in the Price arb table

costs, in and out, $10k−$9429.419% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$22 on $10k

Price spread, last 4 days (all we have)−0.365%−$36 · spread now +0.411%, 7d avg +0.207%

Together, before fees−0.580%−$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.204% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPINUSDTM	0.0009003	0.0100	pay 0.0050% / 4h	3h 48m	$1.3M	$108K	20x
Short	MEXC XPIN_USDT	0.0009040	0.0100	get 0.0050% / 4h	3h 48m	$378K	$127K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now +0.411%Rate

Funding earned: $0
Price spread: +0.411% → +0.207%: $20.43
Slippage, 4 orders: −$925.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$921.5
Costs to cover: 9.419%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 52 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, 2 min ago	16.64 bp	466.4 bp −$466	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 52 min ago	5.56 bp	24.9 bp −$25	131.6 bp −$1,316	382.5 bp −$38.2K	615.6 bp −$307.8K

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	+0.0073%	4h	0.0009030	+0.300%	$543K	$18K	50x	as long as short
Aster XPINUSDT	+0.0100%	4h	0.0009018	+0.164%	$27K	$24K	5x	as long as short
Binance XPINUSDT	+0.0100%	4h	0.0009049	+0.513%	$8.4M	$2.6M	50x	as long as short
Bybit XPINUSDT	+0.0100%	4h	0.0009018	+0.167%	$2.5M	$779K	20x	as long as short
Gate XPIN_USDT	+0.0100%	8h	0.0009016	+0.144%	$1.3M	$159K	50x	as long as short
MEXC XPIN_USDTshort	+0.0100%	4h	0.0009040	+0.411%	$378K	$127K	100x
KuCoin XPINUSDTMlong	+0.0100%	4h	0.0009003	long leg	$1.3M	$108K	20x
Bitget XPINUSDT	+0.0100%	4h	0.0009073	+0.778%	$1.3M	$341K	50x	as long as short
BingX XPIN-USDT	+0.0100%	4h	0.0009040	+0.411%	—	$6.5M	—	as long as short
Variational Omni XPIN	+0.0100%	4h	0.0009012	+0.105%	$472	$4K	—	as long as short