Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.077%

Price spread now: GRVT against OKX+0.106%91s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as 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−$660.658% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.106%, 7d avg −0.020%

Together, before fees+0.118%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.126% dearer against OKX than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.020%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 7 days funding on this pair paid +0.263%, so the current rate has only just turned against you. The two prices were read 91 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	1,298.1	0.0020	pay 0.0020% / 8h	6h 57m	$337K	$547K	50x
Short	GRVT XPD_USDT_Perp	1,299.5	0	get 0.0000% / 4h	2h 57m	$338K	$631K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$4.25
Price spread: +0.106% → −0.020%: $12.65
Slippage, 4 orders: −$46.77
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$57.37
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from OKX: live order book, 33 min ago; GRVT: live order book, 60 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, 33 min ago	0.39 bp	18.5 bp −$19	81.2 bp −$812	doesn't fit	doesn't fit
Sell GRVT live order book, 60 min ago	1.05 bp	13.7 bp −$14	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	−0.0229%	1h	1,297.3	−0.062%	$2.6M	$574K	20x	as long as short
BloFin XPD-USDT	−0.0019%	4h	1,300.4	+0.177%	$32K	$22K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,297.9	−0.016%	$27K	$7K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,298.1	−0.003%	$3.6M	$5.2M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,298.6	+0.041%	$2.0M	$478K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,298.2	+0.004%	$12.9M	$370K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,297.8	−0.027%	$5.0M	$303K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,300.2	+0.163%	$529K	$32K	—	as long as short
GRVT XPD_USDT_Perpshort	0.0000%	4h	1,299.5	+0.106%	$338K	$631K	25x
SunX XPD-USDT	0.0000%	4h	1,299.8	+0.133%	—	$1.6M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDT	0.0000%	4h	1,301.6	+0.269%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.8	+0.056%	—	—	—	as long as short
edgeX XPDUSDC	+0.0015%	4h	1,301.4	+0.256%	$37K	$207K	10x	as long as short
OKX XPD-USDT-SWAPlong	+0.0020%	8h	1,298.1	long leg	$337K	$547K	50x
Lighter XPD	+0.0032%	1h	1,299.4	+0.100%	$400K	$159K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.673%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,297.2	−0.068%	$169K	$7K	75x	as long as short