Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.077%

Price spread now: OKX against GRVT+0.056%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.056%, 7d avg +0.022%

Together, before fees−0.289%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.035% dearer against GRVT than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.022%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XPD_USDT_Perp	1,294.7	0.0212	pay 0.0106% / 4h	1h 54m	$335K	$623K	25x
Short	OKX XPD-USDT-SWAP	1,295.4	0	get 0.0000% / 8h	5h 54m	$342K	$573K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$44.52
Price spread: +0.056% → +0.022%: $3.47
Slippage, 4 orders: −$40.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from GRVT: live order book, 56 min ago; OKX: live order book, 54 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, 56 min ago	2.47 bp	9.9 bp −$10	11143.2 bp −$111.4K	doesn't fit	doesn't fit
Sell OKX live order book, 54 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
edgeX XPDUSDC	−0.0019%	4h	1,293.4	−0.096%	$37K	$205K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,295.8	+0.086%	$27K	$7K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,295.3	+0.047%	$3.7M	$5.3M	100x	as long as short
OKX XPD-USDT-SWAPshort	0.0000%	8h	1,295.4	+0.056%	$342K	$573K	50x
Gate XPD_USDT	0.0000%	4h	1,296	+0.102%	$2.0M	$486K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,295.5	+0.066%	$13.6M	$376K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,293.9	−0.060%	$5.0M	$309K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,294.8	+0.011%	$526K	$29K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,293.2	−0.118%	—	$1.5M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294.8	+0.009%	$10K	$35K	20x	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	−0.251%	—	—	—	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.945%	$16K	$20K	52x	as long as short
BloFin XPD-USDT	+0.0044%	4h	1,295.1	+0.031%	$33K	$23K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,294.1	−0.044%	$2.7M	$570K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,294.7	+0.004%	$168K	$7K	75x	as long as short
GRVT XPD_USDT_Perplong	+0.0212%	4h	1,294.7	long leg	$335K	$623K	25x
Lighter XPD	+0.0216%	1h	1,296.2	+0.118%	$399K	$159K	20x	as long as short