Settings8H · net · $10k
Funding arb · Price arb /

XPIN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.069%
Price spread now: Gate against MEXC−0.244%7-day average −0.335% · you buy dearer than you sell
Net, funding: paid 7d − costs−$655as in the Funding arb table
Net, price: spread back to 7d avg − costs−$634as in the Price arb table
costs, in and out, $10k−$6436.430% of the position
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)−0.212%−$21 · spread now −0.244%, 7d avg −0.335%
Together, before fees−0.333%−$33 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: Gate is 0.091% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.335%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XPIN_USDT0.00090300.0100pay 0.0050% / 4h3h 58m$378K$127K100x
ShortGate XPIN_USDT0.00090080.0100get 0.0100% / 8h3h 58m$1.3M$159K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.244% → −0.335%
$9.12
Slippage, 4 orders
−$624.03
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$633.92
Costs to cover
6.430%
Break-even
never at this rate
Slippage from MEXC: live order book, 42 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 42 min ago5.56 bp25.6 bp −$26198.3 bp −$1,983398.2 bp −$39.8K610.2 bp −$305.1K
Sell Gate live order book, 4 min ago18.86 bp341.0 bp −$341doesn't fitdoesn't fitdoesn't fit

XPIN on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XPINUSDT+0.0100%4h0.0009002−0.315%$27K$24K5xas long as short
Binance XPINUSDT+0.0100%4h0.0009034+0.048%$8.3M$2.6M50xas long as short
Bybit XPINUSDT+0.0100%4h0.0009013−0.188%$2.5M$789K20xas long as short
Gate XPIN_USDTshort+0.0100%8h0.0009008−0.244%$1.3M$159K50x
MEXC XPIN_USDTlong+0.0100%4h0.0009030long leg$378K$127K100x
KuCoin XPINUSDTM+0.0100%4h0.0009001−0.321%$1.3M$108K20xas long as short
Bitget XPINUSDT+0.0100%4h0.0009052+0.244%$1.3M$344K50xas long as short
Variational Omni XPIN+0.0100%4h0.0009018−0.134%$473$4Kas long as short
BloFin XPIN-USDT+0.0118%4h0.0009050+0.221%$545K$18K50xas long as short
BingX XPIN-USDT+0.0160%4h0.00090300.000%$6.5Mas long as short