Funding arb · Price arb /

XPD

RWAall XPD markets

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: KuCoin against tradeXYZ+0.180%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

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

Long on tradeXYZ Short on KuCoin

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)−0.036%−$4 · spread now +0.180%, 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.076% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,302.6	−0.0012	get 0.0002% / 1h	59m 06s	$2.7M	$494K	20x
Short	KuCoin XPDUSDTM	1,304.9	0.0100	get 0.0050% / 4h	59m 06s	$170K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.180%Rate

Funding earned: $23.61
Price spread: +0.180% → +0.103%: $7.62
Slippage, 4 orders: −$175.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$174.38
Costs to cover: 2.056%
Break-even: 58.7 days

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 15 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 tradeXYZ live order book, 9 min ago	1.15 bp	11.7 bp −$12	22.1 bp −$221	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	21.13 bp	112.5 bp −$113	485.0 bp −$4,850	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	+0.178%	$38K	$206K	10x	as long as short
tradeXYZ xyz:PALLADIUMlong	−0.0012%	1h	1,302.6	long leg	$2.7M	$494K	20x
Aster XPDUSDT	0.0000%	4h	1,305.3	+0.211%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,304.9	+0.175%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,305	+0.184%	$323K	$470K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,305.1	+0.189%	$2.0M	$448K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,304.3	+0.131%	$13.1M	$266K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,305	+0.184%	$538K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,303.5	+0.070%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,305	+0.185%	$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	+0.043%	—	—	—	as long as short
BloFin XPD-USDT	+0.0010%	4h	1,304.9	+0.176%	$31K	$20K	100x	as long as short
Bitget XPDUSDT	+0.0018%	4h	1,304.2	+0.119%	$5.0M	$234K	100x	as long as short
Lighter XPD	+0.0032%	1h	1,305.1	+0.192%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.318%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,304.9	+0.180%	$170K	$5K	75x
GRVT XPD_USDT_Perp	+0.0290%	4h	1,304.9	+0.178%	$338K	$729K	25x	as long as short