Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h −0.005%

Price spread now: HTX against tradeXYZ−0.290%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Funding pays, the price is against you. HTX is 0.290% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.290% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,300.4	0.0050	pay 0.0006% / 1h	10m 06s	$2.7M	$471K	20x
Short	HTX XPD-USDT	1,296.6	0.0139	get 0.0070% / 4h	2h 10m	$10K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.290%Rate

Funding earned: $18.72
Price spread: −0.290% → 0.000%: −$28.99
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.27
Costs to cover: 0.300%
Break-even: 22.1 days

Slippage unknown: tradeXYZ: live order book, 8 min ago; HTX: 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, 8 min ago	1.93 bp	14.8 bp −$15	24.2 bp −$242	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
SunX XPD-USDT	0.0000%	4h	1,300	−0.033%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.9	−0.116%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.8	+0.108%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.492%	$16K	$20K	52x	as long as short
Gate XPD_USDT	+0.0044%	4h	1,302	+0.123%	$2.0M	$483K	100x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,300.4	long leg	$2.7M	$471K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,300.7	+0.019%	$169K	$6K	75x	as long as short
HTX XPD-USDTshort	+0.0139%	4h	1,296.6	−0.290%	$10K	$34K	20x
Variational Omni XPD	+0.0240%	4h	1,300.6	+0.012%	$536K	$24K	—	as long as short
BloFin XPD-USDT	+0.0356%	4h	1,297.7	−0.210%	$30K	$20K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0356%	4h	1,302.4	+0.151%	$3.8M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0360%	4h	1,301.3	+0.069%	$13.1M	$270K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0371%	8h	1,301.8	+0.108%	$320K	$479K	50x	as long as short
edgeX XPDUSDC	+0.0390%	4h	1,297.9	−0.188%	$37K	$205K	10x	as long as short
Bitget XPDUSDT	+0.0554%	4h	1,301.1	+0.056%	$5.0M	$245K	100x	as long as short
Aster XPDUSDT	+0.0625%	4h	1,301.8	+0.104%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1004%	4h	1,296.5	−0.301%	$335K	$711K	25x	as long as short