Funding arb · Price arb /

XPIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against MEXC+0.038%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1451.445% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.038%, 7d avg +0.059%

Together, before fees+0.016%+$2 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: Binance is 0.020% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPIN_USDT	0.0008840	0.0100	pay 0.0050% / 4h	3h 56m	$385K	$129K	100x
Short	Binance XPINUSDT	0.0008843	0.0100	get 0.0050% / 4h	3h 56m	$8.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.059%: −$2.02
Slippage, 4 orders: −$130.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$146.53
Costs to cover: 1.445%
Break-even: never at this rate

Slippage from MEXC: live order book, 24 min ago; Binance: live order book, 13 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 MEXC live order book, 24 min ago	5.65 bp	21.2 bp −$21	198.8 bp −$1,988	408.3 bp −$40.8K	714.5 bp −$357.2K
Sell Binance live order book, 13 min ago	5.61 bp	52.6 bp −$53	254.3 bp −$2,543	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	+0.0050%	4h	0.0008850	+0.113%	$530K	$16K	50x	as long as short
Aster XPINUSDT	+0.0100%	4h	0.0008825	−0.173%	$26K	$22K	5x	as long as short
Binance XPINUSDTshort	+0.0100%	4h	0.0008843	+0.038%	$8.2M	$2.2M	50x
Gate XPIN_USDT	+0.0100%	8h	0.0008828	−0.136%	$1.2M	$150K	50x	as long as short
MEXC XPIN_USDTlong	+0.0100%	4h	0.0008840	long leg	$385K	$129K	100x
Bitget XPINUSDT	+0.0100%	4h	0.0008859	+0.215%	$1.2M	$284K	50x	as long as short
Variational Omni XPIN	+0.0100%	4h	0.0008823	−0.189%	$461	$4K	—	as long as short
KuCoin XPINUSDTM	+0.0438%	4h	0.0008842	+0.023%	$1.3M	$97K	20x	as long as short
Bybit XPINUSDT	+0.2306%	4h	0.0008833	−0.079%	$2.5M	$633K	20x	as long as short
BingX XPIN-USDT	+0.5504%	4h	0.0008840	0.000%	—	$6.5M	—	as long as short