Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.047%

Price spread now: GRVT against MEXC−0.003%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.388%+$39 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.003%, 7d avg −0.025%

Together, before fees+0.353%+ Points / potential airdropGRVT: Active · farm board+$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.023% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPD_USDT	1,321	0	get 0.0000% / 4h	3h 53m	$13.2M	$337K	100x
Short	GRVT XPD_USDT_Perp	1,321	0	get 0.0000% / 4h	3h 53m	$340K	$915K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.025%: $2.26
Slippage, 4 orders: −$9.66
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.41
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; GRVT: live order book, 45 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 MEXC live order book, 5 min ago	0.72 bp	0.7 bp −$1	1.6 bp −$16	90.3 bp −$9,035	302.9 bp −$151.5K
Sell GRVT live order book, 45 min ago	0.87 bp	8.6 bp −$9	doesn't fit	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
tradeXYZ xyz:PALLADIUM	−0.0037%	1h	1,319.4	−0.122%	$2.7M	$523K	20x	as long as short
BloFin XPD-USDT	−0.0029%	4h	1,320.7	−0.025%	$30K	$19K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,321.5	+0.041%	$3.8M	$4.3M	100x	as long as short
MEXC XPD_USDTlong	0.0000%	4h	1,321	long leg	$13.2M	$337K	100x
Bitget XPDUSDT	0.0000%	4h	1,321	+0.002%	$5.1M	$220K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,321.3	+0.024%	$547K	$16K	—	as long as short
GRVT XPD_USDT_Perpshort	0.0000%	4h	1,321	−0.003%	$340K	$915K	25x
SunX XPD-USDT	0.0000%	4h	1,320	−0.079%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,320.7	−0.023%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,319.6	−0.104%	—	—	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPD_USDT	+0.0008%	4h	1,321.6	+0.047%	$2.0M	$416K	100x	as long as short
edgeX XPDUSDC	+0.0014%	4h	1,319.1	−0.146%	$38K	$205K	10x	as long as short
Aster XPDUSDT	+0.0024%	4h	1,320.5	−0.041%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,321.3	+0.022%	$407K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+0.892%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,320	−0.078%	$172K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0137%	8h	1,321.7	+0.052%	$322K	$487K	50x	as long as short