Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.026%

Price spread now: tradeXYZ against OKX−0.152%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

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

costs, in and out, $10k−$560.565% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.152%, 7d avg −0.114%

Together, before fees−0.018%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.038% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,315.2	0.0115	pay 0.0115% / 8h	7h 22m	$324K	$478K	50x
Short	tradeXYZ xyz:PALLADIUM	1,313.2	0.0050	get 0.0006% / 1h	22m 32s	$2.7M	$517K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$13.62
Price spread: −0.152% → −0.114%: −$3.83
Slippage, 4 orders: −$28.45
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$73.9
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from OKX: live order book, 48 min ago; tradeXYZ: live order book, 5 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, 48 min ago	0.76 bp	17.3 bp −$17	82.3 bp −$823	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	2.29 bp	13.3 bp −$13	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
BloFin XPD-USDT	−0.0015%	4h	1,313.9	−0.097%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315.1	−0.009%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,315.3	+0.009%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.8	−0.032%	$13.2M	$340K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	−0.050%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,313	−0.170%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,313.9	−0.097%	$10K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0002%	4h	1,314.6	−0.045%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.9	−0.179%	—	—	—	as long as short
Bitget XPDUSDT	+0.0024%	4h	1,314.1	−0.081%	$5.0M	$221K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0031%	4h	1,314.6	−0.043%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,315.5	+0.023%	$405K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.338%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,313.2	−0.152%	$2.7M	$517K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	−0.062%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAPlong	+0.0115%	8h	1,315.2	long leg	$324K	$478K	50x
GRVT XPD_USDT_Perp	+0.0692%	4h	1,314.2	−0.076%	$340K	$881K	25x	as long as short