XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.50 per $10,000 · paid last 24h +0.014%

Price spread now: KuCoin against Binance−0.072%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$413as in the Funding arb table

Net, price: spread back to 7d avg − costs−$426as in the Price arb table

costs, in and out, $10k−$4224.220% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 2 days (all we have)+0.064%+$6 · spread now −0.072%, 7d avg −0.031%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.041% cheaper against Binance than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.031%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.093% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,316.6	0.0001	pay 0.0000% / 4h	1h 05m	$3.8M	$4.3M	100x
Short	KuCoin XPDUSDTM	1,315.7	0.0100	get 0.0050% / 4h	1h 05m	$171K	$4K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $20.8
Price spread: −0.072% → −0.031%: −$4.12
Slippage, 4 orders: −$400.01
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$405.32
Costs to cover: 4.220%
Break-even: 143.4 days

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 59 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 Binance live order book, 2 min ago	0.42 bp	14.4 bp −$14	38.6 bp −$386	153.6 bp −$15.4K	doesn't fit
Sell KuCoin live order book, 59 min ago	21.29 bp	160.5 bp −$161	539.1 bp −$5,391	doesn't fit	doesn't fit

XPD on 17 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
tradeXYZ xyz:PALLADIUM	−0.0023%	1h	1,313.7	−0.223%	$2.7M	$523K	20x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.5	−0.014%	$2.0M	$414K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.2	−0.030%	$541K	$12K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315.7	−0.069%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,316.1	−0.043%	$10K	$33K	20x	as long as short
Binance XPDUSDTlong	+0.0001%	4h	1,316.6	long leg	$3.8M	$4.3M	100x
MEXC XPD_USDT	+0.0002%	4h	1,316.6	−0.002%	$13.2M	$340K	100x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.9	−0.211%	—	—	—	as long as short
edgeX XPDUSDC	+0.0009%	4h	1,316.1	−0.042%	$38K	$206K	10x	as long as short
BloFin XPD-USDT	+0.0028%	4h	1,316.3	−0.027%	$30K	$19K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,317.1	+0.036%	$403K	$152K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.228%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,315.7	−0.072%	$171K	$4K	75x
Bitget XPDUSDT	+0.0114%	4h	1,315.6	−0.077%	$5.0M	$219K	100x	as long as short
Aster XPDUSDT	+0.0137%	4h	1,316.3	−0.029%	$27K	$12K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0153%	8h	1,316.2	−0.033%	$321K	$485K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0458%	4h	1,316.2	−0.032%	$338K	$1.0M	25x	as long as short