Funding arb · Price arb /

XOM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h +0.119%

Price spread now: KuCoin against QFEX+0.245%56s7-day average +0.162% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.245%, 7d avg +0.162%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and KuCoin is 0.083% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.162%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.199% in total (about 19.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX XOM-USD	159.22	0	get 0.0000% / 1h	17m 38s	$1.1M	$1.7M	10x
Short	KuCoin XOMUSDTM	159.61	0.0585	get 0.0585% / 8h	1h 17m	$42K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now +0.245%Rate

Funding earned: $122.85
Price spread: +0.245% → +0.162%: $8.32
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $109.17
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: QFEX: live order book, 4 min ago; KuCoin: live order book, 25 min ago. Net counts fees only.

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 QFEX live order book, 4 min ago	2.20 bp	12.8 bp −$13	17.3 bp −$173	doesn't fit	doesn't fit
Sell KuCoin live order book, 25 min ago	34.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

XOM on 8 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 XOM-USDT	0.0000%	8h	159.84	+0.389%	$49K	$18K	20x	as long as short
Bybit XOMUSDT	0.0000%	8h	159.83	+0.383%	$222K	$20.2M	50x	as long as short
OKX XOM-USDT-SWAP	0.0000%	8h	159.65	+0.270%	$71K	$194K	20x	as long as short
QFEX XOM-USDlong	0.0000%	1h	159.22	long leg	$1.1M	$1.7M	10x
Gate XOM_USDT	0.0000%	8h	159.71	+0.308%	$106K	$10K	20x	as long as short
Bitget XOMUSDT	0.0000%	8h	159.42	+0.126%	$283K	$176K	50x	as long as short
HTX XOM-USDT	+0.0100%	8h	159.27	+0.031%	$303	$328K	20x	as long as short
KuCoin XOMUSDTMshort	+0.0585%	8h	159.61	+0.245%	$42K	$331K	10x