Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,714.5 | −0.0456 | get 0.0057% / 1h | 43m 15s | $4.6M | $1.9M | 20x | Long tradeXYZ | |
| SHORT | 1,717.2 | +0.0148 | get 0.0445% / 24h | 15h 43m | $140K | $2.4M | 6.6x | Short Kalshi |
Price gap+0.157%
Funding gap+0.0604% /8h
Both sides work: funding pays +$18 a day on $10k, and the gap is 0.087% above its 7d average: +$9 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0604% /8h now · paid +0.049% over the last 7D
Price+$9spread +0.157% now, avg +0.070% → +0.087% if it goes back
Costs−$200.200% of $10k · taker + slippage, in and out
Result−$6−0.06%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.049% in total, about +0.0023%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.157%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPT on 23 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books4.3 / 6.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,513tradeXYZ 20x, Kalshi 6.6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$18.12Long tradeXYZ: 24 payments, +$13.67; short Kalshi: 1 payment, +$4.45.
- OK: Entry gap works for you+0.157% vs +0.070%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$140K vs $4.6M OIKalshi sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0023%/8h × 21 periods+$4.93
Price spread+0.157% → +0.070% (7d avg)+$8.74
Slippage, 4 orderslive order books−$17.73
Fee tradeXYZ bp × 2 orders−$1.80
Fee Kalshi bp × 2 orders−$0.48
Net · 7 days · $10k−$6.34
Costs to cover0.200%Break-even16.0 days
Slippage: tradeXYZ: live order book, 1 min ago; Kalshi: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ1.464.3 bp−$47.1 bp−$71151.2 bp−$15.1Kdoesn’t fit
SELL · SHORTKalshi4.086.6 bp−$79.2 bp−$92doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 17:00 | MEXC | Other | 7 days to go. Singapore, we’re coming. 🇸🇬 Proud to be a Platinum Sponsor of #TOKEN2049. See you there. #MEXCEventRocks @MEXC on X ↗ |
| 09-23 13:33 | Kalshi | Listing | new market KXPLATINUMPERP ($XPT) seen by our collector |


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