Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.041%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 2 days (all we have)+0.055%+$5 · spread now −0.041%, 7d avg −0.014%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,315.2	0	get 0.0000% / 4h	3h 21m	$3.8M	$4.4M	100x
Short	MEXC XPD_USDT	1,314.7	0	get 0.0000% / 4h	3h 21m	$13.2M	$340K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.014%: −$2.72
Slippage, 4 orders: −$32.96
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$45.68
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 2 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 Binance live order book, 15 min ago	1.21 bp	14.0 bp −$14	34.2 bp −$342	159.9 bp −$16.0K	doesn't fit
Sell MEXC live order book, 2 min ago	3.76 bp	10.6 bp −$11	13.5 bp −$135	92.0 bp −$9,200	285.3 bp −$142.6K

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	−0.0015%	4h	1,313.9	−0.100%	$30K	$20K	100x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,315.2	long leg	$3.8M	$4.4M	100x
Gate XPD_USDT	0.0000%	4h	1,314.7	−0.044%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,314.7	−0.041%	$13.2M	$340K	100x
Variational Omni XPD	0.0000%	4h	1,314.5	−0.052%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,312.7	−0.193%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,313.9	−0.099%	$10K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0002%	4h	1,314.6	−0.047%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.1	−0.160%	—	—	—	as long as short
Bitget XPDUSDT	+0.0024%	4h	1,314.1	−0.084%	$5.0M	$221K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0031%	4h	1,314.2	−0.075%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,315.4	+0.013%	$405K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.336%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,313	−0.170%	$2.7M	$517K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	−0.064%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0115%	8h	1,315.2	−0.002%	$324K	$478K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0692%	4h	1,314.2	−0.078%	$340K	$881K	25x	as long as short