Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against Bitget−0.065%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.078%+$8 · spread now −0.065%, 7d avg −0.101%

Together, before fees+0.044%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.036% dearer against Bitget than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.101%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.034% in total) that is about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPDUSDT	1,307.5	0	get 0.0000% / 4h	1h 25m	$5.0M	$218K	100x
Short	tradeXYZ xyz:PALLADIUM	1,306.6	−0.0065	pay 0.0008% / 1h	25m 06s	$2.7M	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$13.6
Price spread: −0.065% → −0.101%: $3.64
Slippage, 4 orders: −$28.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$68.63
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; tradeXYZ: 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 Bitget live order book, 3 min ago	4.40 bp	13.6 bp −$14	39.3 bp −$393	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	1.91 bp	14.2 bp −$14	33.1 bp −$331	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
tradeXYZ xyz:PALLADIUMshort	−0.0065%	1h	1,306.6	−0.065%	$2.7M	$493K	20x
BloFin XPD-USDT	−0.0038%	4h	1,308.4	+0.073%	$30K	$20K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,308.1	+0.048%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,308.3	+0.062%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,307.4	−0.004%	$324K	$475K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,308.4	+0.069%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,308.2	+0.054%	$13.2M	$269K	100x	as long as short
Bitget XPDUSDTlong	0.0000%	4h	1,307.5	long leg	$5.0M	$218K	100x
Variational Omni XPD	0.0000%	4h	1,308.1	+0.053%	$540K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,308	+0.040%	—	$1.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDT	0.0000%	4h	1,307.9	+0.037%	$9K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0001%	4h	1,307.5	+0.006%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,306.6	−0.067%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,308.5	+0.080%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.939%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,306.9	−0.039%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0138%	4h	1,307.8	+0.029%	$339K	$751K	25x	as long as short