Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.017%

Price spread now: tradeXYZ against Aster−0.078%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

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 airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.078% cheaper against Aster than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 9.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPDUSDT	1,315.1	0.0021	pay 0.0011% / 4h	3h 00m	$27K	$12K	20x
Short	tradeXYZ xyz:PALLADIUM	1,314.1	0.0050	get 0.0006% / 1h	0m 00s	$2.7M	$515K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: $6.05
Price spread: −0.078% → 0.000%: −$7.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.74
Costs to cover: 0.260%
Break-even: 39.1 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 8 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 8 min ago	1.52 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

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
BloFin XPD-USDT	−0.0045%	4h	1,316.1	+0.074%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	−0.0020%	4h	1,316.5	+0.104%	$38K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,316.2	+0.085%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.3	+0.088%	$2.0M	$443K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,315.9	+0.056%	$13.2M	$342K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.2	+0.080%	$545K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,314.3	−0.065%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,316.6	+0.114%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314.5	−0.049%	—	—	—	as long as short
Aster XPDUSDTlong	+0.0021%	4h	1,315.1	long leg	$27K	$12K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,316.5	+0.105%	$406K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.344%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0038%	4h	1,315.9	+0.062%	$5.0M	$219K	100x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,314.1	−0.078%	$2.7M	$515K	20x
OKX XPD-USDT-SWAP	+0.0097%	8h	1,315.9	+0.059%	$321K	$482K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.8	−0.028%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0582%	4h	1,315.1	0.000%	$340K	$848K	25x	as long as short