Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0377%/8h= +41.3% APRpaid last 24h 0.000%

Price spread now: KuCoin against tradeXYZ+0.170%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.170%, 7d avg +0.097%

Together, before fees+0.030%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and KuCoin is 0.073% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.097%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% 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	tradeXYZ xyz:PLATINUM	1,796	0.0201	pay 0.0025% / 1h	58m 59s	$3.6M	$975K	20x
Short	KuCoin XPTUSDTM	1,799.1	0.0578	get 0.0289% / 4h	58m 59s	$201K	$17K	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 +0.170%Rate

Funding earned: $79.19
Price spread: +0.170% → +0.097%: $7.35
Slippage, 4 orders: −$40.23
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $16.31
Costs to cover: 0.702%
Break-even: 5.6 days

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 21 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	1.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	4.43 bp	27.2 bp −$27	198.1 bp −$1,981	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	1,798.3	+0.130%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.5	−0.085%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,795.3	−0.039%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,794.3	−0.096%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.1	+0.120%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0201%	1h	1,796	long leg	$3.6M	$975K	20x
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.361%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0400%	4h	1,798.9	+0.161%	$638K	$434K	100x	as long as short
KuCoin XPTUSDTMshort	+0.0578%	4h	1,799.1	+0.170%	$201K	$17K	75x
Aster XPTUSDT	+0.0665%	4h	1,796.4	+0.021%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0678%	4h	1,798.1	+0.119%	$280K	$214K	—	as long as short
Paradex XPT-USD-PERP	+0.0686%	8h	1,797.9	+0.107%	$3K	—	5x	as long as short
BloFin XPT-USDT	+0.0697%	4h	1,797.9	+0.104%	$89K	$68K	100x	as long as short
edgeX XPTUSDC	+0.0721%	4h	1,798.1	+0.117%	$39K	$283K	10x	as long as short
MEXC XPT_USDT	+0.0738%	4h	1,797.9	+0.105%	$23.6M	$635K	100x	as long as short
Binance XPTUSDT	+0.0740%	4h	1,797.6	+0.090%	$4.3M	$3.8M	100x	as long as short
Lighter XPT	+0.0776%	1h	1,799	+0.167%	$355K	$15K	20x	as long as short
Extended XPT-USD	+0.0776%	1h	1,794.2	−0.100%	$204K	$619K	10x	as long as short
Bitget XPTUSDT	+0.0842%	4h	1,797.2	+0.064%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0894%	8h	1,798.7	+0.150%	$938K	$560K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1160%	4h	1,798	+0.109%	$205K	$827K	25x	as long as short