XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.023%

Price spread now: Bitget against KuCoin−0.049%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2152.147% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.049%, 7d avg −0.021%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPDUSDTM	1,317.1	0.0100	pay 0.0050% / 4h	3h 32m	$171K	$5K	75x
Short	Bitget XPDUSDT	1,316.5	0	get 0.0000% / 4h	3h 32m	$5.0M	$220K	100x

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 −0.049%Rate

Funding earned: −$21
Price spread: −0.049% → −0.021%: −$2.73
Slippage, 4 orders: −$190.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$238.47
Costs to cover: 2.147%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Bitget: live order book, 6 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, 12 min ago	19.10 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	4.86 bp	18.6 bp −$19	42.5 bp −$425	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
BloFin XPD-USDT	−0.0027%	4h	1,318.2	+0.084%	$30K	$19K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,317	−0.007%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.9	−0.014%	$2.0M	$427K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316.7	−0.031%	$13.2M	$339K	100x	as long as short
Bitget XPDUSDTshort	0.0000%	4h	1,316.5	−0.049%	$5.0M	$220K	100x
Variational Omni XPD	0.0000%	4h	1,317.6	+0.038%	$545K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315.1	−0.155%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,316.7	−0.032%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314.7	−0.184%	—	—	—	as long as short
edgeX XPDUSDC	+0.0009%	4h	1,317.3	+0.014%	$38K	$206K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0013%	4h	1,316	−0.088%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,317.5	+0.029%	$406K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.190%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,314.7	−0.184%	$2.7M	$521K	20x	as long as short
KuCoin XPDUSDTMlong	+0.0100%	4h	1,317.1	long leg	$171K	$5K	75x
OKX XPD-USDT-SWAP	+0.0115%	8h	1,316.9	−0.017%	$321K	$471K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0568%	4h	1,316.8	−0.028%	$339K	$896K	25x	as long as short