Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: OKX against Binance−0.097%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.097%, 7d avg −0.016%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.080% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,294.2	0	get 0.0000% / 4h	1h 57m	$3.7M	$5.3M	100x
Short	OKX XPD-USDT-SWAP	1,292.9	0	get 0.0000% / 8h	5h 57m	$341K	$571K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.016%: −$8.01
Slippage, 4 orders: −$47.93
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.94
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; OKX: live order book, 51 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, 4 min ago	1.43 bp	15.0 bp −$15	32.0 bp −$320	144.6 bp −$14.5K	doesn't fit
Sell OKX live order book, 51 min ago	0.39 bp	17.2 bp −$17	64.8 bp −$648	doesn't fit	doesn't fit

XPD on 17 exchanges

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
Aster XPDUSDT	0.0000%	4h	1,294.3	+0.008%	$27K	$7K	20x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,294.2	long leg	$3.7M	$5.3M	100x
OKX XPD-USDT-SWAPshort	0.0000%	8h	1,292.9	−0.097%	$341K	$571K	50x
Gate XPD_USDT	0.0000%	4h	1,293.1	−0.078%	$2.0M	$486K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,293.1	−0.084%	$13.6M	$376K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,293.1	−0.081%	$5.0M	$309K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,294.6	+0.038%	$526K	$29K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,291	−0.247%	—	$1.6M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294.9	+0.060%	$10K	$35K	20x	as long as short
edgeX XPDUSDC	+0.0003%	4h	1,294.1	−0.007%	$37K	$207K	10x	as long as short

Show all 17 exchanges

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	1,291.4	−0.211%	—	—	—	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.987%	$16K	$20K	52x	as long as short
BloFin XPD-USDT	+0.0043%	4h	1,294.1	−0.005%	$33K	$23K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,292.1	−0.158%	$2.6M	$570K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,292.4	−0.133%	$168K	$7K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0196%	4h	1,294.7	+0.042%	$335K	$623K	25x	as long as short
Lighter XPD	+0.0288%	1h	1,293.7	−0.035%	$398K	$159K	20x	as long as short