Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.018%

Price spread now: KuCoin against Extended+0.100%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.100%, 7d avg +0.056%

Together, before fees−0.011%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.056%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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	Extended XPT-USD	1,780.6	0.0288	pay 0.0036% / 1h	3m 51s	$154K	$697K	10x
Short	KuCoin XPTUSDTM	1,782.4	0.0100	get 0.0050% / 4h	3m 51s	$235K	$41K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$39.48
Price spread: +0.100% → +0.056%: $4.39
Slippage, 4 orders: −$45.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.44
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from Extended: live order book, 34 min ago; KuCoin: live order book, 28 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 Extended live order book, 34 min ago	1.40 bp	8.8 bp −$9	63.3 bp −$633	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	2.96 bp	26.8 bp −$27	185.7 bp −$1,857	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	1,782.8	+0.126%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,780.6	+0.004%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,780.7	+0.008%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,780.7	+0.008%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.5	+0.053%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTMshort	+0.0100%	4h	1,782.4	+0.100%	$235K	$41K	75x
Paradex XPT-USD-PERP	+0.0219%	8h	1,783.4	+0.158%	$3K	—	5x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+1.107%	$6K	$34K	52x	as long as short
Extended XPT-USDlong	+0.0288%	1h	1,780.6	long leg	$154K	$697K	10x
Lighter XPT	+0.0312%	1h	1,783.6	+0.170%	$356K	$30K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0331%	4h	1,782.9	+0.133%	$245K	$206K	—	as long as short
Aevo PLATINUM-PERP	+0.0336%	1h	1,782.5	+0.110%	$303	—	10x	as long as short
Aster XPTUSDT	+0.0336%	4h	1,781.8	+0.068%	$15K	$10K	20x	as long as short
Binance XPTUSDT	+0.0394%	4h	1,782.7	+0.120%	$4.6M	$5.2M	100x	as long as short
MEXC XPT_USDT	+0.0402%	4h	1,782.5	+0.110%	$23.3M	$653K	100x	as long as short
BloFin XPT-USDT	+0.0425%	4h	1,783.7	+0.178%	$97K	$70K	100x	as long as short
edgeX XPTUSDC	+0.0443%	4h	1,782.8	+0.124%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.0516%	4h	1,781.5	+0.051%	$1.3M	$526K	100x	as long as short
Gate XPT_USDT	+0.0554%	4h	1,783.9	+0.187%	$687K	$556K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0692%	4h	1,782.8	+0.123%	$204K	$777K	25x	as long as short
OKX XPT-USDT-SWAP	+0.0984%	8h	1,782.4	+0.103%	$1.0M	$789K	50x	as long as short