Funding you earn now, next payment 05:00 UTC+0.0352%/8h= +38.5% APRpaid last 24h +0.015%
Price spread now: Bitget against tradeXYZ+0.080%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.080%, 7d avg +0.104%
=Together, before fees−0.035%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.104%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.016% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% 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 | 1,297.7 | 0.0050 | pay 0.0006% / 1h | 18m 49s | $2.7M | $470K | 20x |
| Short | Bitget XPDUSDT | 1,298.7 | 0.0402 | get 0.0201% / 4h | 3h 18m | $5.0M | $241K | 100x |
tradeXYZ xyz:PALLADIUM
Bitget XPDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $73.92
- Price spread: +0.080% → +0.104%
- −$2.43
- Slippage, 4 orders
- −$29.45
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $12.03
- Costs to cover
- 0.595%
- Break-even
- 5.9 days
Slippage from tradeXYZ: live order book, 9 min ago; Bitget: live order book, 4 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, 9 min ago | 1.16 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.85 bp | 16.9 bp −$17 | 42.0 bp −$420 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XPD-USDT | 0.0000% | 4h | 1,298 | +0.025% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,298.3 | +0.044% | — | — | — | as long as short |
| Lighter XPD | +0.0032% | 1h | 1,301 | +0.254% | $401K | $160K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.705% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUMlong | +0.0050% | 1h | 1,297.7 | long leg | $2.7M | $470K | 20x | |
| Variational Omni XPD | +0.0095% | 4h | 1,300.4 | +0.207% | $536K | $24K | — | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,299.8 | +0.163% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0142% | 4h | 1,300.8 | +0.237% | $2.0M | $475K | 100x | as long as short |
| BloFin XPD-USDT | +0.0180% | 4h | 1,300.5 | +0.219% | $30K | $20K | 100x | as long as short |
| OKX XPD-USDT-SWAP | +0.0230% | 8h | 1,300.5 | +0.216% | $321K | $473K | 50x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Lighter XPD
Injective XPD/USDC PERP
Variational Omni XPD
KuCoin XPDUSDTM
Gate XPD_USDT
BloFin XPD-USDT
OKX XPD-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XPD_USDT | +0.0230% | 4h | 1,298.4 | +0.057% | $13.1M | $270K | 100x | as long as short |
| edgeX XPDUSDC | +0.0232% | 4h | 1,300.4 | +0.206% | $37K | $206K | 10x | as long as short |
| Binance XPDUSDT | +0.0236% | 4h | 1,300.6 | +0.227% | $3.8M | $4.7M | 100x | as long as short |
| Bitget XPDUSDTshort | +0.0402% | 4h | 1,298.7 | +0.080% | $5.0M | $241K | 100x | |
| Aster XPDUSDT | +0.0409% | 4h | 1,299.1 | +0.107% | $26K | $5K | 20x | as long as short |
| HTX XPD-USDT | +0.0462% | 4h | 1,300.5 | +0.217% | $9K | $34K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1264% | 4h | 1,300.3 | +0.197% | $338K | $717K | 25x | as long as short |
MEXC XPD_USDT
edgeX XPDUSDC
Binance XPDUSDT
Aster XPDUSDT
HTX XPD-USDT
GRVT XPD_USDT_Perp