XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0350%/8h= +38.3% APRnext payment +$1.75 per $10,000 · paid last 24h +0.017%

Price spread now: Bitget against Binance−0.049%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.049%, 7d avg −0.043%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.75 per $10,000. 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	Binance XPDUSDT	1,292.9	0	get 0.0000% / 4h	3h 59m	$3.7M	$5.0M	100x
Short	Bitget XPDUSDT	1,292.3	0.0350	get 0.0175% / 4h	3h 59m	$5.0M	$256K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.049%Rate

Funding earned: $73.5
Price spread: −0.049% → −0.043%: −$0.54
Slippage, 4 orders: −$39.43
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $11.53
Costs to cover: 0.614%
Break-even: 5.9 days

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 4 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 Binance live order book, 8 min ago	0.97 bp	13.7 bp −$14	31.8 bp −$318	149.9 bp −$15.0K	doesn't fit
Sell Bitget live order book, 4 min ago	6.88 bp	16.0 bp −$16	40.7 bp −$407	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	−0.0411%	1h	1,290.6	−0.180%	$2.6M	$542K	20x	as long as short
edgeX XPDUSDC	−0.0015%	4h	1,294.5	+0.122%	$37K	$206K	10x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,292.9	long leg	$3.7M	$5.0M	100x
Gate XPD_USDT	0.0000%	4h	1,292.4	−0.041%	$2.0M	$471K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,293.1	+0.016%	$13.0M	$282K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,292.2	−0.058%	$530K	$28K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,290.1	−0.217%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,292.4	−0.045%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,291.4	−0.121%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,291.9	−0.080%	$397K	$161K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.084%	$16K	$20K	52x	as long as short
BloFin XPD-USDT	+0.0049%	4h	1,293.4	+0.036%	$31K	$21K	100x	as long as short
Aster XPDUSDT	+0.0094%	4h	1,292.6	−0.024%	$27K	$6K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,292.7	−0.015%	$168K	$7K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0170%	8h	1,293	+0.005%	$326K	$491K	50x	as long as short
Bitget XPDUSDTshort	+0.0350%	4h	1,292.3	−0.049%	$5.0M	$256K	100x
GRVT XPD_USDT_Perp	+0.0662%	4h	1,292.4	−0.044%	$335K	$668K	25x	as long as short