Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0373%/8h= −40.8% APRpaid last 24h −0.099%

Price spread now: KuCoin against OKX−0.072%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.072%, 7d avg −0.050%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% 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	OKX XPT-USDT-SWAP	1,800.7	0.0815	pay 0.0815% / 8h	5h 27m	$899K	$525K	50x
Short	KuCoin XPTUSDTM	1,799.4	0.0442	get 0.0221% / 4h	1h 27m	$201K	$17K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$78.23
Price spread: −0.072% → −0.050%: −$2.19
Slippage, 4 orders: −$46.58
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$148.99
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from OKX: live order book, 34 min ago; KuCoin: live order book, 68 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 OKX live order book, 34 min ago	0.28 bp	9.4 bp −$9	23.4 bp −$234	doesn't fit	doesn't fit
Sell KuCoin live order book, 68 min ago	8.74 bp	23.6 bp −$24	194.7 bp −$1,947	doesn't fit	doesn't fit

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,801.7	+0.054%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,797.9	−0.154%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,798	−0.150%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797	−0.205%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,801.5	+0.045%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+0.851%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0398%	4h	1,801.2	+0.025%	$637K	$431K	100x	as long as short
KuCoin XPTUSDTMshort	+0.0442%	4h	1,799.4	−0.072%	$201K	$17K	75x
tradeXYZ xyz:PLATINUM	+0.0483%	1h	1,799.2	−0.083%	$3.6M	$977K	20x	as long as short
Variational Omni XPT	+0.0602%	4h	1,800.7	+0.001%	$280K	$227K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0606%	4h	1,799.6	−0.061%	$14K	$10K	20x	as long as short
BloFin XPT-USDT	+0.0634%	4h	1,801	+0.017%	$85K	$68K	100x	as long as short
Paradex XPT-USD-PERP	+0.0645%	8h	1,800.4	−0.018%	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.0648%	4h	1,800.1	−0.034%	$39K	$284K	10x	as long as short
MEXC XPT_USDT	+0.0662%	4h	1,799.3	−0.078%	$23.7M	$656K	100x	as long as short
Binance XPTUSDT	+0.0664%	4h	1,800.9	+0.009%	$4.3M	$3.8M	100x	as long as short
Extended XPT-USD	+0.0728%	1h	1,797.9	−0.156%	$199K	$616K	10x	as long as short
Bitget XPTUSDT	+0.0752%	4h	1,799.6	−0.061%	$1.3M	$392K	100x	as long as short
OKX XPT-USDT-SWAPlong	+0.0815%	8h	1,800.7	long leg	$899K	$525K	50x
Lighter XPT	+0.0848%	1h	1,802.5	+0.100%	$357K	$15K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1120%	4h	1,799.9	−0.044%	$205K	$841K	25x	as long as short