Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.014%

Price spread now: edgeX against OKX+0.041%111s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.563% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.041%, 7d avg +0.006%

Together, before fees−0.179%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.035% dearer against OKX than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.006%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,301.5	0.0035	pay 0.0035% / 8h	4h 17m	$323K	$465K	50x
Short	edgeX XPDUSDC	1,302	0.0004	get 0.0002% / 4h	17m 40s	$37K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$6.54
Price spread: +0.041% → +0.006%: $3.5
Slippage, 4 orders: −$37.33
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.37
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from OKX: live order book, 38 min ago; edgeX: live order book, 39 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, 38 min ago	0.77 bp	15.9 bp −$16	80.8 bp −$808	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	7.21 bp	12.6 bp −$13	130.1 bp −$1,301	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
BloFin XPD-USDT	−0.0010%	4h	1,302.5	+0.075%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,301.4	−0.005%	$3.8M	$4.6M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,301.2	−0.025%	$2.0M	$459K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,300.7	−0.063%	$13.1M	$269K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,301.4	−0.009%	$537K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,298.1	−0.263%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,301.7	+0.013%	$9K	$34K	20x	as long as short
edgeX XPDUSDCshort	+0.0004%	4h	1,302	+0.041%	$37K	$205K	10x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299	−0.192%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.7	+0.015%	$401K	$155K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.405%	$16K	$20K	52x	as long as short
OKX XPD-USDT-SWAPlong	+0.0035%	8h	1,301.5	long leg	$323K	$465K	50x
Aster XPDUSDT	+0.0038%	4h	1,300	−0.115%	$27K	$5K	20x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299.1	−0.184%	$2.7M	$489K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.2	−0.175%	$169K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0122%	4h	1,300.9	−0.047%	$5.0M	$240K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0450%	4h	1,301.7	+0.013%	$337K	$726K	25x	as long as short