Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0165%/8h= −18.1% APRpaid last 24h −0.038%

Price spread now: tradeXYZ against KuCoin−0.047%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2202.204% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.047%, 7d avg −0.103%

Together, before fees−0.076%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.056% dearer against KuCoin than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.103%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPDUSDTM	1,307.1	0.0100	pay 0.0050% / 4h	1h 25m	$170K	$5K	75x
Short	tradeXYZ xyz:PALLADIUM	1,306.5	−0.0065	pay 0.0008% / 1h	25m 32s	$2.7M	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$34.75
Price spread: −0.047% → −0.103%: $5.6
Slippage, 4 orders: −$190.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$249.56
Costs to cover: 2.204%
Break-even: never at this rate

Slippage from KuCoin: live order book, 64 min ago; tradeXYZ: live order book, 1 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, 64 min ago	18.15 bp	95.2 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 1 min ago	1.91 bp	14.2 bp −$14	33.1 bp −$331	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:PALLADIUMshort	−0.0065%	1h	1,306.5	−0.047%	$2.7M	$493K	20x
BloFin XPD-USDT	−0.0033%	4h	1,307.6	+0.035%	$30K	$20K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,308.3	+0.091%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,308.4	+0.099%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,307.4	+0.021%	$324K	$475K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,308.3	+0.088%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,307.8	+0.054%	$13.2M	$269K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,307.5	+0.028%	$5.0M	$218K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,308.1	+0.079%	$540K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,308	+0.065%	—	$1.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDT	0.0000%	4h	1,307.9	+0.063%	$9K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0001%	4h	1,307.5	+0.031%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,306.6	−0.041%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,308.5	+0.106%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.965%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTMlong	+0.0100%	4h	1,307.1	long leg	$170K	$5K	75x
GRVT XPD_USDT_Perp	+0.0138%	4h	1,307.8	+0.054%	$339K	$751K	25x	as long as short