Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.002%

Price spread now: Bitget against OKX−0.019%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.019%, 7d avg −0.030%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% 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	OKX XPD-USDT-SWAP	1,299	0.0365	pay 0.0365% / 8h	2h 35m	$320K	$475K	50x
Short	Bitget XPDUSDT	1,298.8	0.0578	get 0.0289% / 4h	2h 35m	$5.0M	$242K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $44.64
Price spread: −0.019% → −0.030%: $1.08
Slippage, 4 orders: −$39.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.85
Costs to cover: 0.616%
Break-even: 9.5 days

Slippage from OKX: live order book, 10 min ago; Bitget: live order book, 2 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, 10 min ago	0.77 bp	15.0 bp −$15	76.6 bp −$766	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.08 bp	16.0 bp −$16	43.0 bp −$430	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
SunX XPD-USDT	0.0000%	4h	1,296.7	−0.177%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,296.7	−0.176%	—	—	—	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.602%	$16K	$20K	52x	as long as short
Lighter XPD	+0.0040%	1h	1,299.4	+0.031%	$400K	$160K	20x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.9	−0.162%	$2.7M	$472K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,297.9	−0.085%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0132%	4h	1,299	−0.002%	$2.0M	$473K	100x	as long as short
Variational Omni XPD	+0.0299%	4h	1,298.9	−0.008%	$535K	$24K	—	as long as short
OKX XPD-USDT-SWAPlong	+0.0365%	8h	1,299	long leg	$320K	$475K	50x
BloFin XPD-USDT	+0.0395%	4h	1,300	+0.077%	$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	+0.0403%	4h	1,299.9	+0.068%	$37K	$205K	10x	as long as short
MEXC XPD_USDT	+0.0412%	4h	1,298.4	−0.047%	$13.1M	$269K	100x	as long as short
Binance XPDUSDT	+0.0419%	4h	1,299.1	+0.009%	$3.8M	$4.7M	100x	as long as short
HTX XPD-USDT	+0.0436%	4h	1,299.2	+0.017%	$10K	$34K	20x	as long as short
Bitget XPDUSDTshort	+0.0578%	4h	1,298.8	−0.019%	$5.0M	$242K	100x
Aster XPDUSDT	+0.0685%	4h	1,298	−0.075%	$26K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1224%	4h	1,299.3	+0.027%	$336K	$714K	25x	as long as short