Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h +0.002%

Price spread now: tradeXYZ against HTX−0.210%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and tradeXYZ is 0.210% cheaper against HTX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPD-USDT	1,300.5	0.0453	pay 0.0226% / 4h	3h 16m	$9K	$34K	20x
Short	tradeXYZ xyz:PALLADIUM	1,297.8	0.0050	get 0.0006% / 1h	16m 42s	$2.7M	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$84.6
Price spread: −0.210% → 0.000%: −$20.99
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$135.59
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 11 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 11 min ago	1.16 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

HTX: 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
SunX XPD-USDT	0.0000%	4h	1,297.8	−0.211%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.3	−0.171%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,300.8	+0.021%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.481%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,297.8	−0.210%	$2.7M	$470K	20x
Variational Omni XPD	+0.0095%	4h	1,300.4	−0.011%	$536K	$24K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.8	−0.059%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0134%	4h	1,300.6	+0.005%	$2.0M	$476K	100x	as long as short
edgeX XPDUSDC	+0.0232%	4h	1,300.4	−0.012%	$37K	$206K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0241%	8h	1,300.5	−0.002%	$321K	$473K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0242%	4h	1,298.6	−0.152%	$13.1M	$270K	100x	as long as short
Binance XPDUSDT	+0.0246%	4h	1,300.6	+0.003%	$3.8M	$4.7M	100x	as long as short
BloFin XPD-USDT	+0.0270%	4h	1,300.2	−0.028%	$30K	$20K	100x	as long as short
Bitget XPDUSDT	+0.0416%	4h	1,298.7	−0.138%	$5.0M	$241K	100x	as long as short
Aster XPDUSDT	+0.0429%	4h	1,299.2	−0.099%	$26K	$5K	20x	as long as short
HTX XPD-USDTlong	+0.0453%	4h	1,300.5	long leg	$9K	$34K	20x
GRVT XPD_USDT_Perp	+0.1264%	4h	1,300.3	−0.021%	$338K	$717K	25x	as long as short