Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0347%/8h= +38.0% APRpaid last 24h −0.006%

Price spread now: KuCoin against tradeXYZ+0.165%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.165%, 7d avg +0.098%

Together, before fees+0.005%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.067% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.098%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% 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	tradeXYZ xyz:PLATINUM	1,793.3	0.0243	pay 0.0030% / 1h	33m 56s	$3.5M	$977K	20x
Short	KuCoin XPTUSDTM	1,796.3	0.0590	get 0.0295% / 4h	33m 56s	$200K	$17K	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 +0.165%Rate

Funding earned: $72.88
Price spread: +0.165% → +0.098%: $6.65
Slippage, 4 orders: −$38.81
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $10.72
Costs to cover: 0.688%
Break-even: 6.0 days

Slippage from tradeXYZ: live order book, 4 min ago; KuCoin: live order book, 46 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, 4 min ago	1.39 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	4.43 bp	27.2 bp −$27	198.1 bp −$1,981	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	1,794.2	+0.052%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.6	−0.096%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.5	−0.045%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,791.2	−0.116%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0128%	1h	1,795.3	+0.110%	$305	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.3	+1.116%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0243%	1h	1,793.3	long leg	$3.5M	$977K	20x
Gate XPT_USDT	+0.0428%	4h	1,797	+0.207%	$639K	$441K	100x	as long as short
KuCoin XPTUSDTMshort	+0.0590%	4h	1,796.3	+0.165%	$200K	$17K	75x
Paradex XPT-USD-PERP	+0.0635%	8h	1,795	+0.093%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0688%	4h	1,794	+0.040%	$14K	$10K	20x	as long as short
Variational Omni XPT	+0.0704%	4h	1,795.2	+0.107%	$279K	$213K	—	as long as short
Extended XPT-USD	+0.0720%	1h	1,792.7	−0.036%	$202K	$612K	10x	as long as short
Lighter XPT	+0.0744%	1h	1,796.5	+0.178%	$355K	$15K	20x	as long as short
edgeX XPTUSDC	+0.0748%	4h	1,795.2	+0.107%	$39K	$282K	10x	as long as short
Binance XPTUSDT	+0.0760%	4h	1,795.8	+0.141%	$4.3M	$3.8M	100x	as long as short
MEXC XPT_USDT	+0.0762%	4h	1,793.9	+0.033%	$23.5M	$644K	100x	as long as short
BloFin XPT-USDT	+0.0775%	4h	1,794.7	+0.076%	$88K	$67K	100x	as long as short
Bitget XPTUSDT	+0.0874%	4h	1,794.1	+0.043%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0937%	8h	1,796.7	+0.190%	$937K	$560K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1154%	4h	1,795.5	+0.124%	$204K	$815K	25x	as long as short