Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: OKX against KuCoin+0.090%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2292.293% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.090%, 7d avg +0.010%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.080% dearer against KuCoin than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.010%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPDUSDTM	1,306.5	0.0100	pay 0.0050% / 4h	1h 23m	$170K	$5K	75x
Short	OKX XPD-USDT-SWAP	1,307.7	0	get 0.0000% / 8h	5h 23m	$324K	$475K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$21
Price spread: +0.090% → +0.010%: $8.05
Slippage, 4 orders: −$207.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$242.22
Costs to cover: 2.293%
Break-even: never at this rate

Slippage from KuCoin: live order book, 66 min ago; OKX: live order book, 38 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, 66 min ago	18.15 bp	95.2 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 38 min ago	0.76 bp	16.2 bp −$16	81.8 bp −$818	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:PALLADIUM	−0.0057%	1h	1,305.9	−0.047%	$2.7M	$493K	20x	as long as short
Aster XPDUSDT	0.0000%	4h	1,307.1	+0.045%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,307.9	+0.105%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAPshort	0.0000%	8h	1,307.7	+0.090%	$324K	$475K	50x
Gate XPD_USDT	0.0000%	4h	1,307.6	+0.080%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,307.6	+0.080%	$13.2M	$269K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,307.1	+0.043%	$5.0M	$219K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,308.1	+0.125%	$540K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,307	+0.036%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,307.3	+0.057%	$9K	$33K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,306	−0.043%	—	—	—	as long as short
BloFin XPD-USDT	+0.0013%	4h	1,307.7	+0.093%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	+0.0017%	4h	1,308.2	+0.128%	$38K	$205K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,307.9	+0.106%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.011%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTMlong	+0.0100%	4h	1,306.5	long leg	$170K	$5K	75x
GRVT XPD_USDT_Perp	+0.0138%	4h	1,307.8	+0.100%	$339K	$751K	25x	as long as short