Funding you earn now, next payment 07:00 UTC−0.0710%/8h= −77.7% APRpaid last 24h −0.064%
Price spread now: tradeXYZ against GRVT−0.242%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.242%, 7d avg −0.107%
=Together, before fees−0.052%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and tradeXYZ is 0.134% cheaper against GRVT than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT XPD_USDT_Perp | 1,298.3 | 0.0760 | pay 0.0380% / 4h | 1h 51m | $338K | $704K | 25x |
| Short | tradeXYZ xyz:PALLADIUM | 1,295.2 | 0.0050 | get 0.0006% / 1h | 51m 33s | $2.7M | $471K | 20x |
GRVT XPD_USDT_Perp
tradeXYZ xyz:PALLADIUMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$149.1
- Price spread: −0.242% → −0.107%
- −$13.43
- Slippage, 4 orders
- −$18.48
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$208.01
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 16 min ago; tradeXYZ: live order book, 5 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, 16 min ago | 0.73 bp | 8.4 bp −$8 | 8724.9 bp −$87.2K | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 2.31 bp | 12.2 bp −$12 | 27.8 bp −$278 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPD_USDT | 0.0000% | 4h | 1,297 | −0.101% | $2.0M | $474K | 100x | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,296.9 | −0.112% | — | $1.8M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,298.6 | +0.019% | $9K | $34K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,296 | −0.178% | — | — | — | as long as short |
| Lighter XPD | +0.0032% | 1h | 1,296.4 | −0.149% | $399K | $160K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.654% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUMshort | +0.0050% | 1h | 1,295.2 | −0.242% | $2.7M | $471K | 20x | |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,296.7 | −0.125% | $169K | $7K | 75x | as long as short |
| Variational Omni XPD | +0.0168% | 4h | 1,299.6 | +0.099% | $536K | $24K | — | as long as short |
| BloFin XPD-USDT | +0.0197% | 4h | 1,299.7 | +0.103% | $30K | $20K | 100x | as long as short |
Gate XPD_USDT
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
Lighter XPD
Injective XPD/USDC PERP
KuCoin XPDUSDTM
Variational Omni XPD
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XPDUSDT | +0.0245% | 4h | 1,296.7 | −0.125% | $3.7M | $4.8M | 100x | as long as short |
| MEXC XPD_USDT | +0.0250% | 4h | 1,296.6 | −0.138% | $13.1M | $269K | 100x | as long as short |
| edgeX XPDUSDC | +0.0252% | 4h | 1,298.9 | +0.041% | $37K | $205K | 10x | as long as short |
| OKX XPD-USDT-SWAP | +0.0331% | 8h | 1,297.4 | −0.072% | $321K | $480K | 50x | as long as short |
| Bitget XPDUSDT | +0.0494% | 4h | 1,296.5 | −0.143% | $5.0M | $246K | 100x | as long as short |
| Aster XPDUSDT | +0.0497% | 4h | 1,295.8 | −0.196% | $26K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perplong | +0.0760% | 4h | 1,298.3 | long leg | $338K | $704K | 25x |
Binance XPDUSDT
MEXC XPD_USDT
edgeX XPDUSDC
OKX XPD-USDT-SWAP
Bitget XPDUSDT
Aster XPDUSDT