Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%
Price spread now: Binance against KuCoin+0.033%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2232.229% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 2 days (all we have)−0.027%−$3 · spread now +0.033%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XPDUSDTM | 1,305.9 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $170K | $5K | 75x |
| Short | Binance XPDUSDT | 1,306.3 | 0 | get 0.0000% / 4h | 1h 48m | $3.7M | $4.5M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.033% → +0.036%
- −$0.27
- Slippage, 4 orders
- −$200.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$244.15
- Costs to cover
- 2.229%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 41 min ago; Binance: live order book, 4 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, 41 min ago | 18.15 bp | 95.2 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.38 bp | 16.9 bp −$17 | 34.4 bp −$344 | 141.1 bp −$14.1K | doesn't fit |
XPD on 16 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 | −0.0103% | 1h | 1,305.2 | −0.051% | $2.7M | $494K | 20x | as long as short |
| Aster XPDUSDT | 0.0000% | 4h | 1,306.5 | +0.045% | $27K | $5K | 20x | as long as short |
| Binance XPDUSDTshort | 0.0000% | 4h | 1,306.3 | +0.033% | $3.7M | $4.5M | 100x | |
| OKX XPD-USDT-SWAP | 0.0000% | 8h | 1,306.3 | +0.034% | $316K | $470K | 50x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,306.1 | +0.021% | $2.0M | $450K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,306.5 | +0.052% | $13.2M | $264K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,306.4 | +0.044% | $539K | $16K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,306 | +0.011% | — | $1.8M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,306.3 | +0.034% | $9K | $33K | 20x | as long as short |
| Bitget XPDUSDT | +0.0006% | 4h | 1,305.9 | +0.003% | $5.0M | $218K | 100x | as long as short |
Show all 16 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 | 1,305.2 | −0.054% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0012% | 4h | 1,310.1 | +0.323% | $38K | $205K | 10x | as long as short |
| Lighter XPD | +0.0032% | 1h | 1,306.5 | +0.049% | $403K | $155K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.063% | $16K | $20K | 52x | as long as short |
| KuCoin XPDUSDTMlong | +0.0100% | 4h | 1,305.9 | long leg | $170K | $5K | 75x | |
| GRVT XPD_USDT_Perp | +0.0214% | 4h | 1,306.1 | +0.020% | $339K | $777K | 25x | as long as short |
KuCoin XPDUSDTM
Binance XPDUSDT
tradeXYZ xyz:PALLADIUM
Aster XPDUSDT
OKX XPD-USDT-SWAP
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
Bitget XPDUSDT
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
Lighter XPD
Injective XPD/USDC PERP
GRVT XPD_USDT_Perp