Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h −0.002%

Price spread now: OKX against Bitget+0.021%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.021%, 7d avg +0.030%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% 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	Bitget XPDUSDT	1,300.6	0.0556	pay 0.0278% / 4h	2h 10m	$5.0M	$245K	100x
Short	OKX XPD-USDT-SWAP	1,300.9	0.0373	get 0.0373% / 8h	2h 10m	$319K	$478K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$38.38
Price spread: +0.021% → +0.030%: −$0.93
Slippage, 4 orders: −$41.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$103.28
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 35 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 Bitget live order book, 2 min ago	5.58 bp	20.0 bp −$20	36.4 bp −$364	114.4 bp −$11.4K	doesn't fit
Sell OKX live order book, 35 min ago	0.77 bp	15.5 bp −$15	83.7 bp −$837	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	1,299.4	−0.097%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,297.5	−0.240%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,300.9	+0.021%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.473%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299.3	−0.102%	$2.7M	$471K	20x	as long as short
Gate XPD_USDT	+0.0050%	4h	1,301.2	+0.042%	$2.0M	$482K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,300.1	−0.044%	$169K	$6K	75x	as long as short
HTX XPD-USDT	+0.0152%	4h	1,296.6	−0.308%	$10K	$34K	20x	as long as short
Variational Omni XPD	+0.0240%	4h	1,300.6	−0.005%	$536K	$24K	—	as long as short
BloFin XPD-USDT	+0.0356%	4h	1,297.7	−0.228%	$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	1,301.2	+0.045%	$3.8M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0366%	4h	1,301.2	+0.047%	$13.1M	$270K	100x	as long as short
OKX XPD-USDT-SWAPshort	+0.0373%	8h	1,300.9	+0.021%	$319K	$478K	50x
edgeX XPDUSDC	+0.0390%	4h	1,297.9	−0.206%	$37K	$205K	10x	as long as short
Bitget XPDUSDTlong	+0.0556%	4h	1,300.6	long leg	$5.0M	$245K	100x
Aster XPDUSDT	+0.0625%	4h	1,300.6	+0.001%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1004%	4h	1,296.5	−0.318%	$335K	$711K	25x	as long as short