Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.038%

Price spread now: tradeXYZ against KuCoin−0.179%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2062.056% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.179%, 7d avg −0.103%

Together, before fees+0.056%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPDUSDTM	1,304.9	0.0100	pay 0.0050% / 4h	59m 11s	$170K	$5K	75x
Short	tradeXYZ xyz:PALLADIUM	1,302.6	−0.0012	pay 0.0002% / 1h	59m 11s	$2.7M	$494K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$23.61
Price spread: −0.179% → −0.103%: −$7.59
Slippage, 4 orders: −$175.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$236.81
Costs to cover: 2.056%
Break-even: never at this rate

Slippage from KuCoin: live order book, 15 min ago; tradeXYZ: live order book, 9 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, 15 min ago	21.13 bp	68.4 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.15 bp	13.0 bp −$13	24.7 bp −$247	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
edgeX XPDUSDC	−0.0017%	4h	1,304.9	−0.002%	$38K	$206K	10x	as long as short
tradeXYZ xyz:PALLADIUMshort	−0.0012%	1h	1,302.6	−0.179%	$2.7M	$494K	20x
Aster XPDUSDT	0.0000%	4h	1,305.3	+0.031%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,304.9	−0.005%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,305	+0.005%	$323K	$470K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,305.1	+0.009%	$2.0M	$448K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,304.3	−0.049%	$13.1M	$266K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,305	+0.004%	$538K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,303.5	−0.110%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,305	+0.005%	$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	1,303.2	−0.136%	—	—	—	as long as short
BloFin XPD-USDT	+0.0010%	4h	1,304.9	−0.004%	$31K	$20K	100x	as long as short
Bitget XPDUSDT	+0.0018%	4h	1,304.2	−0.061%	$5.0M	$234K	100x	as long as short
Lighter XPD	+0.0032%	1h	1,305.1	+0.012%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.135%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTMlong	+0.0100%	4h	1,304.9	long leg	$170K	$5K	75x
GRVT XPD_USDT_Perp	+0.0290%	4h	1,304.9	−0.002%	$338K	$729K	25x	as long as short