Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.002%

Price spread now: KuCoin against OKX−0.132%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$332as in the Price arb table

costs, in and out, $10k−$3203.203% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.132%, 7d avg −0.011%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.120% cheaper against OKX than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.011%). If the spread goes back, that is −$12 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.012% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,291.6	0.0073	pay 0.0073% / 8h	7h 19m	$342K	$525K	50x
Short	KuCoin XPDUSDTM	1,289.9	0.0100	get 0.0050% / 4h	3h 19m	$168K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.132%Rate

Funding earned: $5.71
Price spread: −0.132% → −0.011%: −$12.05
Slippage, 4 orders: −$298.26
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$326.6
Costs to cover: 3.203%
Break-even: 407.2 days

Slippage from OKX: live order book, 11 min ago; KuCoin: live order book, 1 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 OKX live order book, 11 min ago	0.39 bp	18.5 bp −$19	81.2 bp −$812	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	18.73 bp	169.5 bp −$170	511.1 bp −$5,111	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
tradeXYZ xyz:PALLADIUM	−0.0308%	1h	1,290.6	−0.077%	$2.6M	$568K	20x	as long as short
BloFin XPD-USDT	−0.0041%	4h	1,290.7	−0.071%	$32K	$21K	100x	as long as short
edgeX XPDUSDC	−0.0015%	4h	1,287.4	−0.326%	$37K	$206K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,291.4	−0.014%	$27K	$6K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,292.5	+0.067%	$3.6M	$5.1M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,291.9	+0.026%	$2.0M	$482K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,291.8	+0.012%	$13.0M	$356K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,291.5	−0.004%	$525K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,287.6	−0.306%	$334K	$625K	25x	as long as short
SunX XPD-USDT	0.0000%	4h	1,291.3	−0.021%	—	$1.6M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDT	0.0000%	4h	1,291	−0.044%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,289.9	−0.130%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,292.6	+0.077%	$397K	$161K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.190%	$16K	$20K	52x	as long as short
OKX XPD-USDT-SWAPlong	+0.0073%	8h	1,291.6	long leg	$342K	$525K	50x
KuCoin XPDUSDTMshort	+0.0100%	4h	1,289.9	−0.132%	$168K	$7K	75x
Bitget XPDUSDT	+0.0122%	4h	1,291.8	+0.015%	$5.0M	$280K	100x	as long as short