Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.018%

Price spread now: OKX against edgeX+0.008%61s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.491% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.008%, 7d avg −0.006%

Together, before fees+0.169%+ Points / potential airdropedgeX: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 61 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	edgeX XPDUSDC	1,309.2	−0.0011	get 0.0006% / 4h	1h 56m	$38K	$206K	10x
Short	OKX XPD-USDT-SWAP	1,309.3	0.0016	get 0.0016% / 8h	5h 56m	$315K	$469K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against edgeX. 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 edgeXbpFee OKXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $5.78
Price spread: +0.008% → −0.006%: $1.35
Slippage, 4 orders: −$30.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.97
Costs to cover: 0.491%
Break-even: 57.8 days

Slippage from edgeX: live order book, 5 min ago; OKX: 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 edgeX live order book, 5 min ago	1.18 bp	6.8 bp −$7	135.3 bp −$1,353	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.76 bp	16.2 bp −$16	81.8 bp −$818	doesn't fit	doesn't fit

XPD on 16 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	−0.0224%	1h	1,308.1	−0.084%	$2.7M	$518K	20x	as long as short
edgeX XPDUSDClong	−0.0011%	4h	1,309.2	long leg	$38K	$206K	10x
Aster XPDUSDT	0.0000%	4h	1,309.8	+0.043%	$27K	$12K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,309.2	−0.003%	$3.7M	$4.5M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,310	+0.064%	$2.0M	$449K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,309.2	+0.003%	$13.1M	$255K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,309.3	+0.007%	$541K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,309.3	+0.010%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,309.2	+0.003%	$9K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,309.1	−0.011%	—	—	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPD-USDT-SWAPshort	+0.0016%	8h	1,309.3	+0.008%	$315K	$469K	50x
Lighter XPD	+0.0032%	1h	1,309.2	0.000%	$404K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.803%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0036%	4h	1,309	−0.013%	$5.0M	$217K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,309	−0.016%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0282%	4h	1,309.1	−0.007%	$339K	$777K	25x	as long as short