Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0207%/8h= +22.6% APRpaid last 24h +0.014%

Price spread now: OKX against edgeX−0.346%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.397%+$40 · spread now −0.346%, 7d avg −0.004%

Together, before fees+0.547%+ Points / potential airdropedgeX: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.342% cheaper against edgeX than usual: you would sell low and buy high (spread −0.346% now, against its 7-day average of −0.004%). If the spread goes back, that is −$34 on $10k: about 5.5 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.149% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPDUSDC	1,297.9	−0.0016	get 0.0008% / 4h	6m 57s	$37K	$205K	10x
Short	OKX XPD-USDT-SWAP	1,293.4	0.0191	get 0.0191% / 8h	6m 57s	$326K	$491K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against edgeX. 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 edgeXbpFee OKXbpOrdersPrice spread, now −0.346%Rate

Funding earned: $43.38
Price spread: −0.346% → −0.004%: −$34.18
Slippage, 4 orders: −$48.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$58.52
Costs to cover: 0.677%
Break-even: 16.4 days

Slippage from edgeX: live order book, 30 min ago; OKX: live order book, 29 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 edgeX live order book, 30 min ago	9.28 bp	14.6 bp −$15	134.8 bp −$1,348	doesn't fit	doesn't fit
Sell OKX live order book, 29 min ago	2.70 bp	19.5 bp −$20	99.2 bp −$992	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
BloFin XPD-USDT	−0.0052%	4h	1,293.3	−0.352%	$31K	$21K	100x	as long as short
edgeX XPDUSDClong	−0.0016%	4h	1,297.9	long leg	$37K	$205K	10x
Binance XPDUSDT	0.0000%	4h	1,294.8	−0.242%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,294.4	−0.270%	$2.0M	$483K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,294.5	−0.259%	$13.0M	$285K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,298	+0.006%	$532K	$27K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,292	−0.456%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294	−0.299%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,292.7	−0.398%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,295.2	−0.207%	$398K	$161K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.690%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,291.6	−0.484%	$2.6M	$541K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,293.2	−0.360%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0150%	4h	1,294.2	−0.283%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAPshort	+0.0191%	8h	1,293.4	−0.346%	$326K	$491K	50x
Bitget XPDUSDT	+0.0388%	4h	1,293.6	−0.327%	$5.0M	$255K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0698%	4h	1,296.8	−0.082%	$336K	$672K	25x	as long as short