XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0450%/8h= −49.3% APRnext payment −$2.25 per $10,000 · paid last 24h −0.029%

Price spread now: MEXC against GRVT−0.056%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.056%, 7d avg +0.024%

Together, before fees−0.298%+ Points / potential airdropGRVT: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and MEXC is 0.081% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XPD_USDT_Perp	1,301.7	0.0450	pay 0.0225% / 4h	19m 17s	$337K	$726K	25x
Short	MEXC XPD_USDT	1,300.9	0	get 0.0000% / 4h	19m 17s	$13.1M	$269K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GRVT. 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 GRVTbpFee MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$94.5
Price spread: −0.056% → +0.024%: −$8.05
Slippage, 4 orders: −$36.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$148
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from GRVT: live order book, 64 min ago; MEXC: 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 GRVT live order book, 64 min ago	0.23 bp	15.2 bp −$15	14379.3 bp −$143.8K	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	9.88 bp	9.9 bp −$10	10.9 bp −$109	71.4 bp −$7,138	283.1 bp −$141.6K

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
Binance XPDUSDT	0.0000%	4h	1,301.7	−0.001%	$3.8M	$4.6M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,301.4	−0.023%	$2.0M	$458K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,300.9	−0.056%	$13.1M	$269K	100x
Variational Omni XPD	0.0000%	4h	1,301.4	−0.022%	$537K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,298	−0.281%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,301.7	0.000%	$9K	$34K	20x	as long as short
edgeX XPDUSDC	+0.0004%	4h	1,302	+0.027%	$37K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.4	−0.173%	—	—	—	as long as short
Aster XPDUSDT	+0.0029%	4h	1,300.6	−0.084%	$27K	$5K	20x	as long as short
BloFin XPD-USDT	+0.0030%	4h	1,302.2	+0.039%	$30K	$20K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,302.2	+0.041%	$401K	$155K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0032%	8h	1,301.5	−0.013%	$323K	$465K	50x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.391%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299.5	−0.167%	$2.7M	$489K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.8	−0.147%	$169K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0118%	4h	1,301	−0.054%	$5.0M	$240K	100x	as long as short
GRVT XPD_USDT_Perplong	+0.0450%	4h	1,301.7	long leg	$337K	$726K	25x