Funding arb · Price arb /

XPIN

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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 −0.069%

Price spread now: Bitget against MEXC+0.101%7-day average +0.217% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2202.195% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.101%, 7d avg +0.217%

Together, before fees−0.004%$0 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: Bitget is 0.116% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.217%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPIN_USDT	0.0008910	0.0100	pay 0.0050% / 4h	2h 21m	$370K	$130K	100x
Short	Bitget XPINUSDT	0.0008919	0.0100	get 0.0050% / 4h	2h 21m	$1.2M	$317K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.217%: −$11.63
Slippage, 4 orders: −$203.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$231.14
Costs to cover: 2.195%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; Bitget: live order book, 4 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, 8 min ago	5.61 bp	33.3 bp −$33	218.5 bp −$2,185	388.5 bp −$38.9K	682.2 bp −$341.1K
Sell Bitget live order book, 4 min ago	10.65 bp	88.7 bp −$89	486.3 bp −$4,863	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	+0.0087%	4h	0.0008910	0.000%	$534K	$17K	50x	as long as short
Aster XPINUSDT	+0.0100%	4h	0.0008900	−0.107%	$27K	$24K	5x	as long as short
Binance XPINUSDT	+0.0100%	4h	0.0008920	+0.112%	$8.2M	$2.4M	50x	as long as short
Bybit XPINUSDT	+0.0100%	4h	0.0008896	−0.157%	$2.5M	$694K	20x	as long as short
Gate XPIN_USDT	+0.0100%	8h	0.0008898	−0.135%	$1.2M	$160K	50x	as long as short
MEXC XPIN_USDTlong	+0.0100%	4h	0.0008910	long leg	$370K	$130K	100x
KuCoin XPINUSDTM	+0.0100%	4h	0.0008907	−0.034%	$1.3M	$93K	20x	as long as short
Bitget XPINUSDTshort	+0.0100%	4h	0.0008919	+0.101%	$1.2M	$317K	50x
BingX XPIN-USDT	+0.0100%	4h	0.0008910	0.000%	—	$6.5M	—	as long as short
Variational Omni XPIN	+0.0100%	4h	0.0008869	−0.460%	$464	$4K	—	as long as short