Funding arb · Price arb /

XPIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Bitget against KuCoin+0.970%7-day average +0.378% · you sell dearer than you buy

Net, funding: paid 7d − costs−$809as in the Funding arb table

Net, price: spread back to 7d avg − costs−$712as in the Price arb table

costs, in and out, $10k−$7717.713% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.380%−$38 on $10k

Price spread, last 7 days−0.792%−$79 · spread now +0.970%, 7d avg +0.378%

Together, before fees−1.172%−$117 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 0.592% dearer against KuCoin than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of +0.378%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPINUSDTM	0.0009068	0.0100	pay 0.0050% / 4h	3h 04m	$1.3M	$107K	20x
Short	Bitget XPINUSDT	0.0009156	0.0100	get 0.0050% / 4h	3h 04m	$1.3M	$372K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.970%Rate

Funding earned: $0
Price spread: +0.970% → +0.378%: $59.22
Slippage, 4 orders: −$747.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$712.06
Costs to cover: 7.713%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 2 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, 6 min ago	33.12 bp	469.6 bp −$470	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	8.74 bp	63.7 bp −$64	417.4 bp −$4,174	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
KuCoin XPINUSDTMlong	+0.0100%	4h	0.0009068	long leg	$1.3M	$107K	20x
Bitget XPINUSDTshort	+0.0100%	4h	0.0009156	+0.970%	$1.3M	$372K	50x
Gate XPIN_USDT	+0.0604%	8h	0.0009103	+0.386%	$1.3M	$170K	50x	as long as short
Variational Omni XPIN	+0.1205%	4h	0.0009107	+0.434%	$476	$5K	—	as long as short
Aster XPINUSDT	+0.1440%	4h	0.0009120	+0.573%	$28K	$21K	5x	as long as short
BloFin XPIN-USDT	+0.1504%	4h	0.0009100	+0.353%	$549K	$18K	50x	as long as short
MEXC XPIN_USDT	+0.1528%	4h	0.0009130	+0.684%	$378K	$130K	100x	as long as short
Binance XPINUSDT	+0.1540%	4h	0.0009137	+0.761%	$8.4M	$2.6M	50x	as long as short
BingX XPIN-USDT	+0.2324%	4h	0.0009130	+0.684%	—	$6.5M	—	as long as short
Bybit XPINUSDT	+0.2916%	4h	0.0009103	+0.386%	$2.5M	$777K	20x	as long as short