Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0628%/8h= −68.8% APRpaid last 24h +0.012%

Price spread now: KuCoin against Extended+0.328%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.328%, 7d avg +0.051%

Together, before fees−0.152%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.277% dearer against Extended than usual: you sell high and buy low (spread +0.328% now, against its 7-day average of +0.051%): +$28 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 35 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPT-USD	1,791.2	0.1384	pay 0.0173% / 1h	5m 21s	$205K	$617K	10x
Short	KuCoin XPTUSDTM	1,797.1	0.0756	get 0.0378% / 4h	3h 05m	$249K	$40K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.328%Rate

Funding earned: −$131.88
Price spread: +0.328% → +0.051%: $27.72
Slippage, 4 orders: −$47.06
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$168.23
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; KuCoin: live order book, 66 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 Extended live order book, 47 min ago	0.84 bp	9.4 bp −$9	58.9 bp −$589	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	7.85 bp	19.4 bp −$19	179.3 bp −$1,793	doesn't fit	doesn't fit

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,796.6	+0.300%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.2	−0.003%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.8	+0.032%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795.1	+0.216%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,814.9	+1.321%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0416%	1h	1,797.1	+0.326%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0574%	1h	1,794.3	+0.171%	$3.6M	$1.0M	20x	as long as short
KuCoin XPTUSDTMshort	+0.0756%	4h	1,797.1	+0.328%	$249K	$40K	75x
Paradex XPT-USD-PERP	+0.0769%	8h	1,797.1	+0.326%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0888%	4h	1,796.2	+0.279%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.1040%	1h	1,797.7	+0.361%	$355K	$20K	20x	as long as short
Aster XPTUSDT	+0.1175%	4h	1,793.2	+0.111%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.1180%	4h	1,796.3	+0.285%	$280K	$189K	—	as long as short
edgeX XPTUSDC	+0.1208%	4h	1,795.4	+0.234%	$39K	$282K	10x	as long as short
OKX XPT-USDT-SWAP	+0.1217%	8h	1,796.6	+0.300%	$954K	$617K	50x	as long as short
MEXC XPT_USDT	+0.1222%	4h	1,793.1	+0.102%	$23.5M	$601K	100x	as long as short
Binance XPTUSDT	+0.1229%	4h	1,796.5	+0.294%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1270%	4h	1,796.8	+0.308%	$90K	$68K	100x	as long as short
Bitget XPTUSDT	+0.1286%	4h	1,795.1	+0.217%	$1.4M	$472K	100x	as long as short
Extended XPT-USDlong	+0.1384%	1h	1,791.2	long leg	$205K	$617K	10x
GRVT XPT_USDT_Perp	+0.1764%	4h	1,796	+0.265%	$206K	$812K	25x	as long as short