Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.5% APRnext payment −$0.62 per $10,000 · paid last 24h +0.319%
Price spread now: Bybit against MEXC−0.357%7-day average −0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs−$511as in the Funding arb table
Net, price: spread back to 7d avg − costs−$608as in the Price arb table
costs, in and out, $10k−$5935.932% of the position
Funding, last 7 days+0.827%+$83 on $10k
+Price spread, last 4 days (all we have)+0.368%+$37 · spread now −0.357%, 7d avg −0.211%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.146% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.211%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.827%, 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 | MEXC XPIN_USDT | 0.0008970 | 0.0816 | pay 0.0408% / 4h | 1h 38m | $365K | $128K | 100x |
| Short | Bybit XPINUSDT | 0.0008938 | 0.0692 | get 0.0346% / 4h | 1h 38m | $2.5M | $800K | 20x |
MEXC XPIN_USDT
Bybit XPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$25.96
- Price spread: −0.357% → −0.211%
- −$14.58
- Slippage, 4 orders
- −$578.24
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$633.78
- Costs to cover
- 5.932%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 7 min ago; Bybit: 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, 7 min ago | 5.58 bp | 31.7 bp −$32 | 177.8 bp −$1,778 | 374.4 bp −$37.4K | 650.3 bp −$325.1K |
| Sell Bybit live order book, 4 min ago | 1.67 bp | 280.0 bp −$280 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPIN_USDT | +0.0100% | 8h | 0.0008956 | −0.156% | $1.2M | $178K | 50x | as long as short |
| KuCoin XPINUSDTM | +0.0100% | 4h | 0.0008949 | −0.234% | $1.3M | $109K | 20x | as long as short |
| Bitget XPINUSDT | +0.0100% | 4h | 0.0008996 | +0.290% | $1.2M | $361K | 50x | as long as short |
| Variational Omni XPIN | +0.0280% | 4h | 0.0008977 | +0.075% | $470 | $5K | — | as long as short |
| Aster XPINUSDT | +0.0605% | 4h | 0.0008977 | +0.074% | $27K | $24K | 5x | as long as short |
| Bybit XPINUSDTshort | +0.0692% | 4h | 0.0008938 | −0.357% | $2.5M | $800K | 20x | |
| MEXC XPIN_USDTlong | +0.0816% | 4h | 0.0008970 | long leg | $365K | $128K | 100x | |
| Binance XPINUSDT | +0.0817% | 4h | 0.0008979 | +0.100% | $8.3M | $2.6M | 50x | as long as short |
| BingX XPIN-USDT | +0.0844% | 4h | 0.0008980 | +0.111% | — | $6.5M | — | as long as short |
| BloFin XPIN-USDT | +0.0859% | 4h | 0.0008980 | +0.111% | $547K | $18K | 50x | as long as short |
Gate XPIN_USDT
KuCoin XPINUSDTM
Bitget XPINUSDT
Variational Omni XPIN
Aster XPINUSDT
Binance XPINUSDT
BingX XPIN-USDT
BloFin XPIN-USDT