Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0311%/8h= +34.0% APRpaid last 24h +0.006%

Price spread now: Aster against tradeXYZ+0.171%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aster is 0.171% dearer against tradeXYZ than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,294	0.0050	pay 0.0006% / 1h	17m 39s	$2.7M	$459K	20x
Short	Aster XPDUSDT	1,296.2	0.0361	get 0.0180% / 4h	1h 17m	$27K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.171%Rate

Funding earned: $65.22
Price spread: +0.171% → 0.000%: $17.05
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: $56.27
Costs to cover: 0.260%
Break-even: 1.0 days

Slippage unknown: tradeXYZ: live order book, 10 min ago; Aster: no order-book sample. Net counts fees only.

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 tradeXYZ live order book, 10 min ago	1.55 bp	12.1 bp −$12	28.4 bp −$284	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate XPD_USDT	0.0000%	4h	1,296.4	+0.189%	$2.0M	$480K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,294.8	+0.058%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,296.3	+0.180%	$10K	$34K	20x	as long as short
Variational Omni XPD	+0.0006%	4h	1,296.6	+0.199%	$535K	$24K	—	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,293.7	−0.023%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,296.4	+0.185%	$399K	$160K	20x	as long as short
BloFin XPD-USDT	+0.0033%	4h	1,297.1	+0.241%	$31K	$20K	100x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.998%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,294	long leg	$2.7M	$459K	20x
Binance XPDUSDT	+0.0080%	4h	1,296.6	+0.198%	$3.7M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0080%	4h	1,295.7	+0.129%	$13.0M	$271K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,295.4	+0.106%	$168K	$7K	75x	as long as short
edgeX XPDUSDC	+0.0117%	4h	1,296.1	+0.165%	$37K	$205K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0281%	8h	1,296.2	+0.170%	$323K	$476K	50x	as long as short
Aster XPDUSDTshort	+0.0361%	4h	1,296.2	+0.171%	$27K	$6K	20x
Bitget XPDUSDT	+0.0456%	4h	1,295.8	+0.138%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0706%	4h	1,296.3	+0.175%	$337K	$689K	25x	as long as short