XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Binance+0.002%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1501.502% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.002%, 7d avg −0.026%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.028% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,299.2	0.0102	pay 0.0051% / 4h	3h 40m	$3.8M	$4.7M	100x
Short	KuCoin XPDUSDTM	1,299.2	0.0100	get 0.0050% / 4h	3h 40m	$169K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$0.49
Price spread: +0.002% → −0.026%: $2.79
Slippage, 4 orders: −$128.16
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$147.86
Costs to cover: 1.502%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 24 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 Binance live order book, 11 min ago	0.96 bp	10.8 bp −$11	32.0 bp −$320	143.2 bp −$14.3K	doesn't fit
Sell KuCoin live order book, 24 min ago	23.83 bp	70.7 bp −$71	615.7 bp −$6,157	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
Variational Omni XPD	0.0000%	4h	1,299	−0.017%	$535K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,296.3	−0.226%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,296.8	−0.184%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,299.5	+0.022%	$401K	$158K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.585%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.4	−0.217%	$2.7M	$492K	20x	as long as short
edgeX XPDUSDC	+0.0081%	4h	1,299.4	+0.017%	$37K	$205K	10x	as long as short
MEXC XPD_USDT	+0.0092%	4h	1,298.3	−0.071%	$13.1M	$269K	100x	as long as short
BloFin XPD-USDT	+0.0095%	4h	1,299.4	+0.012%	$30K	$20K	100x	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,299.2	+0.002%	$169K	$5K	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDTlong	+0.0102%	4h	1,299.2	long leg	$3.8M	$4.7M	100x
OKX XPD-USDT-SWAP	+0.0152%	8h	1,299.2	−0.002%	$321K	$472K	50x	as long as short
Gate XPD_USDT	+0.0186%	4h	1,299.1	−0.008%	$2.0M	$471K	100x	as long as short
Aster XPDUSDT	+0.0263%	4h	1,297.9	−0.101%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0308%	4h	1,298.4	−0.062%	$5.0M	$240K	100x	as long as short
HTX XPD-USDT	+0.0530%	4h	1,299.5	+0.019%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1292%	4h	1,299.2	−0.001%	$338K	$720K	25x	as long as short