Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.028%

Price spread now: KuCoin against tradeXYZ+0.202%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1481.480% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.202%, 7d avg +0.105%

Together, before fees−0.044%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.097% dearer against tradeXYZ than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,296.3	0.0050	pay 0.0006% / 1h	38m 36s	$2.7M	$492K	20x
Short	KuCoin XPDUSDTM	1,298.9	0.0100	get 0.0050% / 4h	3h 38m	$169K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.202%Rate

Funding earned: $10.5
Price spread: +0.202% → +0.105%: $9.68
Slippage, 4 orders: −$117.96
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.78
Costs to cover: 1.480%
Break-even: 92.2 days

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 26 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 tradeXYZ live order book, 9 min ago	0.38 bp	9.4 bp −$9	21.0 bp −$210	doesn't fit	doesn't fit
Sell KuCoin live order book, 26 min ago	23.83 bp	70.7 bp −$71	615.7 bp −$6,157	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
Variational Omni XPD	0.0000%	4h	1,299	+0.208%	$535K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,296.2	−0.005%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,296.9	+0.043%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,299.4	+0.239%	$401K	$158K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.816%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,296.3	long leg	$2.7M	$492K	20x
KuCoin XPDUSDTMshort	+0.0100%	4h	1,298.9	+0.202%	$169K	$5K	75x
edgeX XPDUSDC	+0.0106%	4h	1,299.2	+0.222%	$37K	$205K	10x	as long as short
MEXC XPD_USDT	+0.0112%	4h	1,298.2	+0.145%	$13.1M	$269K	100x	as long as short
Binance XPDUSDT	+0.0115%	4h	1,299.1	+0.219%	$3.8M	$4.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPD-USDT	+0.0127%	4h	1,300.3	+0.305%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0158%	8h	1,298.7	+0.185%	$321K	$472K	50x	as long as short
Gate XPD_USDT	+0.0166%	4h	1,299	+0.211%	$2.0M	$472K	100x	as long as short
Aster XPDUSDT	+0.0279%	4h	1,297.6	+0.103%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0316%	4h	1,298.5	+0.167%	$5.0M	$240K	100x	as long as short
HTX XPD-USDT	+0.0504%	4h	1,298.8	+0.190%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1338%	4h	1,298.8	+0.190%	$338K	$717K	25x	as long as short