Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h −0.015%

Price spread now: Binance against OKX+0.041%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.041%, 7d avg +0.017%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,300.9	0.0305	pay 0.0305% / 8h	2h 51m	$322K	$473K	50x
Short	Binance XPDUSDT	1,301.4	0.0363	get 0.0181% / 4h	2h 51m	$3.8M	$4.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: $11.98
Price spread: +0.041% → +0.017%: $2.38
Slippage, 4 orders: −$36.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.53
Costs to cover: 0.569%
Break-even: 31.8 days

Slippage from OKX: live order book, 59 min ago; Binance: live order book, 15 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 OKX live order book, 59 min ago	0.77 bp	14.4 bp −$14	73.8 bp −$738	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.04 bp	7.4 bp −$7	30.9 bp −$309	143.7 bp −$14.4K	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
SunX XPD-USDT	0.0000%	4h	1,298.1	−0.214%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.9	−0.151%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.6	+0.054%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.452%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,298.9	−0.154%	$2.7M	$472K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.1	−0.136%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0124%	4h	1,301.3	+0.029%	$2.0M	$469K	100x	as long as short
Variational Omni XPD	+0.0215%	4h	1,300.3	−0.047%	$536K	$24K	—	as long as short
OKX XPD-USDT-SWAPlong	+0.0305%	8h	1,300.9	long leg	$322K	$473K	50x
BloFin XPD-USDT	+0.0337%	4h	1,300.7	−0.018%	$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
edgeX XPDUSDC	+0.0346%	4h	1,300.3	−0.049%	$37K	$205K	10x	as long as short
MEXC XPD_USDT	+0.0358%	4h	1,299.1	−0.141%	$13.1M	$268K	100x	as long as short
Binance XPDUSDTshort	+0.0363%	4h	1,301.4	+0.041%	$3.8M	$4.7M	100x
HTX XPD-USDT	+0.0452%	4h	1,300.9	−0.003%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0530%	4h	1,299.4	−0.112%	$5.0M	$242K	100x	as long as short
Aster XPDUSDT	+0.0604%	4h	1,300.2	−0.054%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1258%	4h	1,299.7	−0.092%	$338K	$715K	25x	as long as short