Funding you earn now, next payment 05:00 UTC+0.0246%/8h= +27.0% APRpaid last 24h −0.002%
Price spread now: Binance against tradeXYZ+0.200%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.200%, 7d avg +0.149%
=Together, before fees−0.255%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.051% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.149%. Mind the row above: over the last 7 days funding on this pair cost −0.132%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% 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 | tradeXYZ xyz:PALLADIUM | 1,297.1 | 0.0050 | pay 0.0006% / 1h | 6m 43s | $2.7M | $470K | 20x |
| Short | Binance XPDUSDT | 1,299.7 | 0.0296 | get 0.0148% / 4h | 3h 06m | $3.8M | $4.7M | 100x |
tradeXYZ xyz:PALLADIUM
Binance XPDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.76
- Price spread: +0.200% → +0.149%
- $5.14
- Slippage, 4 orders
- −$26.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $2.88
- Costs to cover
- 0.540%
- Break-even
- 6.6 days
Slippage from tradeXYZ: live order book, 11 min ago; Binance: live order book, 15 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 tradeXYZ live order book, 11 min ago | 1.93 bp | 11.6 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.65 bp | 14.9 bp −$15 | 33.5 bp −$335 | 150.4 bp −$15.0K | 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 | 1,296.9 | −0.018% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,297.4 | +0.026% | — | — | — | as long as short |
| Lighter XPD | +0.0032% | 1h | 1,300.2 | +0.239% | $401K | $160K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.752% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUMlong | +0.0050% | 1h | 1,297.1 | long leg | $2.7M | $470K | 20x | |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,300 | +0.225% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0102% | 4h | 1,299.5 | +0.181% | $2.0M | $477K | 100x | as long as short |
| Variational Omni XPD | +0.0136% | 4h | 1,299.6 | +0.196% | $536K | $24K | — | as long as short |
| OKX XPD-USDT-SWAP | +0.0266% | 8h | 1,299.2 | +0.162% | $321K | $471K | 50x | as long as short |
| edgeX XPDUSDC | +0.0269% | 4h | 1,299.5 | +0.185% | $37K | $205K | 10x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Lighter XPD
Injective XPD/USDC PERP
KuCoin XPDUSDTM
Gate XPD_USDT
Variational Omni XPD
OKX XPD-USDT-SWAP
edgeX XPDUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XPD_USDT | +0.0290% | 4h | 1,298.6 | +0.116% | $13.1M | $271K | 100x | as long as short |
| BloFin XPD-USDT | +0.0292% | 4h | 1,299.7 | +0.198% | $30K | $20K | 100x | as long as short |
| Binance XPDUSDTshort | +0.0296% | 4h | 1,299.7 | +0.200% | $3.8M | $4.7M | 100x | |
| Bitget XPDUSDT | +0.0472% | 4h | 1,299.2 | +0.158% | $5.0M | $241K | 100x | as long as short |
| Aster XPDUSDT | +0.0505% | 4h | 1,298.9 | +0.140% | $26K | $5K | 20x | as long as short |
| HTX XPD-USDT | +0.0506% | 4h | 1,299.2 | +0.164% | $10K | $34K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1294% | 4h | 1,299.3 | +0.167% | $338K | $715K | 25x | as long as short |
MEXC XPD_USDT
BloFin XPD-USDT
Bitget XPDUSDT
Aster XPDUSDT
HTX XPD-USDT
GRVT XPD_USDT_Perp