XPIN arbitrage explained
Right now XPIN Network (XPIN) trades on 8 venues we scan: 8 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.000886 and the highest bid on Bitget perp at $0.000888.
The widest XPIN perpetual spread is between Gate and Bitget: long XPIN on Gate at $0.000886 and short on Bitget at $0.000888 for +0.23% gross, or +0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best XPIN route is to buy spot on Gate and short the perpetual on Bitget: +0.26% gross, +0.06% net, with +0.030% a day of funding on the short leg.
Spot–spot XPIN arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small XPIN gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: XPIN funding rates · XPIN spread charts · XPIN Network price · arbitrage scanner for all coins.