XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Gate+0.002%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1841.836% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.002%, 7d avg −0.033%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,294	0	get 0.0000% / 4h	1h 39m	$2.0M	$477K	100x
Short	KuCoin XPDUSDTM	1,294	0.0100	get 0.0050% / 4h	1h 39m	$168K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $21
Price spread: +0.002% → −0.033%: $3.45
Slippage, 4 orders: −$156.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$159.16
Costs to cover: 1.836%
Break-even: 60.1 days

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 2 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 Gate live order book, 4 min ago	0.58 bp	26.1 bp −$26	137.1 bp −$1,371	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	25.15 bp	57.2 bp −$57	600.6 bp −$6,006	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
Gate XPD_USDTlong	0.0000%	4h	1,294	long leg	$2.0M	$477K	100x
SunX XPD-USDT	0.0000%	4h	1,292.7	−0.104%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294.3	+0.019%	$9K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,291.5	−0.192%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,293.9	−0.009%	$398K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.997%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,291.6	−0.187%	$2.7M	$477K	20x	as long as short
Variational Omni XPD	+0.0096%	4h	1,294.5	+0.039%	$534K	$24K	—	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,294	+0.002%	$168K	$7K	75x
BloFin XPD-USDT	+0.0152%	4h	1,293.9	−0.009%	$30K	$20K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0193%	4h	1,294	−0.002%	$3.7M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0198%	4h	1,293.8	−0.019%	$13.0M	$270K	100x	as long as short
edgeX XPDUSDC	+0.0209%	4h	1,294.4	+0.030%	$37K	$205K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0313%	8h	1,293.6	−0.032%	$322K	$479K	50x	as long as short
Aster XPDUSDT	+0.0456%	4h	1,292.9	−0.084%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0488%	4h	1,293.5	−0.038%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0738%	4h	1,294.2	+0.012%	$337K	$695K	25x	as long as short