KuCoin vs trade.xyz Funding Arbitrage
51 shared markets · net of estimated fees · updated every few minutesKuCoin and trade.xyz both quote 51 of the same perpetual markets, so a delta-neutral position can be split across the two and collect the difference in their funding. The widest spread on a market with real depth is SOXL — long trade.xyz / short KuCoin at 121.1% net APR — but the median across all shared markets is 22.8%, which is the number worth planning around.
The long leg is whichever venue prices funding lower for that market. It is a property of the MARKET, not of the exchange, and it flips as rates move: here 20 markets go long on KuCoin and 31 on trade.xyz. 41 markets clear 5% net APR, 39 clear 10%.
How this pair behaves
KuCoin pays funding every 4h on 233 markets and every 8h on 183 markets; trade.xyz pays every 1h on 92 markets. The two clocks differ, so one leg settles while the other is still accruing: a position held for only a few hours can pay one side without ever collecting from the other. KuCoin quotes 417 perpetual markets in total and trade.xyz quotes 92; the 51 they share are what this page ranks. Across its own book KuCoin runs a median funding rate of 10.9% and trade.xyz 1.9%, so the edge here comes from individual markets rather than from a standing gap between the venues.
Spreads by market
top 25 of 51 by net APR| Market | Long | Short | Net APR | Gross | 7d avg | Thin leg vol |
|---|---|---|---|---|---|---|
| KSTR | trade.xyz | KuCoin | 214.8% | 234.1% | -18.6% | $60K |
| SHAZ | trade.xyz | KuCoin | 207.6% | 225.8% | -22.9% | $301K |
| RDDT | trade.xyz | KuCoin | 131.2% | 149.6% | +42.9% | $125K |
| SOXL | trade.xyz | KuCoin | 121.1% | 125.9% | +7.4% | $13.3M |
| ZM | trade.xyz | KuCoin | 118.5% | 126.8% | -3.2% | $148K |
| HYUNDAI | KuCoin | trade.xyz | 94.7% | 103.0% | +15.9% | $797K |
| BMNR | KuCoin | trade.xyz | 80.8% | 88.6% | +14.9% | $298K |
| SKHY | KuCoin | trade.xyz | 75.6% | 80.0% | +2.5% | $1.5M |
| ASML | trade.xyz | KuCoin | 67.9% | 75.5% | +8.0% | $888K |
| MRVL | trade.xyz | KuCoin | 63.3% | 68.3% | +1.6% | $1.8M |
| ORCL | trade.xyz | KuCoin | 63.1% | 67.6% | -5.7% | $1.1M |
| KIOXIA | trade.xyz | KuCoin | 60.3% | 68.2% | +18.9% | $770K |
| XPD | trade.xyz | KuCoin | 51.4% | 57.2% | -0.2% | $15K |
| GLW | trade.xyz | KuCoin | 47.7% | 59.2% | -13.0% | $53K |
| LYTE | KuCoin | trade.xyz | 47.5% | 63.6% | +20.1% | $87K |
| BE | trade.xyz | KuCoin | 45.8% | 51.4% | -2.5% | $1.1M |
| WDC | KuCoin | trade.xyz | 37.3% | 42.4% | +11.7% | $1.4M |
| DKNG | trade.xyz | KuCoin | 35.1% | 43.3% | +3.3% | $223K |
| MSFT | trade.xyz | KuCoin | 31.7% | 36.3% | — | $793K |
| NOK | trade.xyz | KuCoin | 28.6% | 38.8% | -14.6% | $25K |
| XPT | trade.xyz | KuCoin | 27.9% | 33.0% | -3.7% | $27K |
| AVGO | trade.xyz | KuCoin | 27.5% | 32.7% | -11.5% | $99K |
| MSTR | KuCoin | trade.xyz | 24.1% | 27.8% | +3.1% | $1.1M |
| ARM | trade.xyz | KuCoin | 24.1% | 28.5% | -7.2% | $1.1M |
| LLY | KuCoin | trade.xyz | 23.2% | 28.2% | +7.0% | $782K |
Net APR subtracts entry and exit fees, both legs' bid/ask spread and estimated slippage from the gross funding spread. The 7-day average is historical gross funding for the same pair: a current rate close to it suggests the spread has persisted, one far above it is usually a spike that will decay.
KuCoin vs trade.xyz — FAQ
How many markets can you arbitrage between KuCoin and trade.xyz?
51 perpetual markets are quoted on both KuCoin and trade.xyz right now. 41 of them show a net spread of at least 5% APR after estimated fees, and 16 have at least $1M of 24h volume on the smaller leg.
What is the best KuCoin / trade.xyz funding spread right now?
SOXL: long trade.xyz and short KuCoin for about 121.1% net APR after estimated fees, counting only markets with at least $1M of 24h volume on the smaller leg. The median across all 51 shared markets is 22.8%, so the top of the list is not typical.
Which side pays on the KuCoin / trade.xyz pair?
It varies by market: KuCoin is the long (funding-receiving) leg in 20 of the shared markets and trade.xyz in the other 31. The direction is set per market by which venue currently prices funding lower.
Trading the KuCoin / trade.xyz spread
The trade is one position split across two venues: long the exchange paying the more negative funding, short the one paying the more positive, in the same size. What limits it is not the headline APR but the smaller leg's liquidity, the fees on both sides, and how long the spread survives — funding decays and flips, often within hours. Venue detail: KuCoin funding rates · trade.xyz funding rates; the full calculation is in the methodology.