Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h −0.008%

Price spread now: tradeXYZ against BloFin−0.078%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.078% cheaper against BloFin than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.0 days of funding at the current rate (+$2 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPD-USDT	1,313.9	−0.0015	get 0.0008% / 4h	3h 22m	$30K	$20K	100x
Short	tradeXYZ xyz:PALLADIUM	1,312.9	0.0050	get 0.0006% / 1h	22m 11s	$2.7M	$517K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: $13.68
Price spread: −0.078% → 0.000%: −$7.76
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$24.08
Costs to cover: 0.300%
Break-even: 19.3 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 6 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 6 min ago	2.29 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin XPD-USDTlong	−0.0015%	4h	1,313.9	long leg	$30K	$20K	100x
Binance XPDUSDT	0.0000%	4h	1,314.9	+0.078%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,314.9	+0.072%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.7	+0.056%	$13.2M	$340K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	+0.048%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,312.7	−0.094%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,313.9	+0.001%	$10K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0002%	4h	1,314.6	+0.053%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.1	−0.061%	—	—	—	as long as short
Bitget XPDUSDT	+0.0024%	4h	1,314.1	+0.016%	$5.0M	$221K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0031%	4h	1,314.2	+0.022%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,315.4	+0.113%	$405K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.437%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,312.9	−0.078%	$2.7M	$517K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	+0.036%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0115%	8h	1,315.2	+0.097%	$324K	$478K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0692%	4h	1,314.2	+0.021%	$340K	$881K	25x	as long as short