Funding you earn now, next payment 09:00 UTC−0.0352%/8h= −38.6% APRpaid last 24h +0.008%
Price spread now: tradeXYZ against edgeX−0.214%86s7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.214%, 7d avg −0.119%
=Together, before fees+0.265%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and tradeXYZ is 0.095% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.119%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% 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 | edgeX XPDUSDC | 1,287.7 | 0.0012 | pay 0.0006% / 4h | 3h 34m | $37K | $205K | 10x |
| Short | tradeXYZ xyz:PALLADIUM | 1,284.9 | −0.0340 | pay 0.0043% / 1h | 34m 01s | $2.6M | $565K | 20x |
edgeX XPDUSDC
tradeXYZ xyz:PALLADIUMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$74.01
- Price spread: −0.214% → −0.119%
- −$9.52
- Slippage, 4 orders
- −$28.87
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$139.4
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 63 min ago; tradeXYZ: live order book, 3 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, 63 min ago | 9.28 bp | 14.6 bp −$15 | 134.8 bp −$1,348 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.56 bp | 13.1 bp −$13 | 24.3 bp −$243 | 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 | −0.0340% | 1h | 1,284.9 | −0.214% | $2.6M | $565K | 20x | |
| BloFin XPD-USDT | −0.0031% | 4h | 1,287.9 | +0.015% | $32K | $21K | 100x | as long as short |
| Aster XPDUSDT | 0.0000% | 4h | 1,287.2 | −0.038% | $27K | $6K | 20x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,287.2 | −0.033% | $3.6M | $5.1M | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,287.8 | +0.011% | $2.0M | $479K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,287 | −0.049% | $12.9M | $337K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,287.6 | −0.003% | $523K | $32K | — | as long as short |
| GRVT XPD_USDT_Perp | 0.0000% | 4h | 1,287.5 | −0.009% | $334K | $637K | 25x | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,287.6 | −0.007% | — | $1.6M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,286.7 | −0.075% | $10K | $35K | 20x | as long as short |
BloFin XPD-USDT
Aster XPDUSDT
Binance XPDUSDT
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
GRVT XPD_USDT_Perp
SunX XPD-USDT
HTX XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,285.2 | −0.191% | — | — | — | as long as short |
| edgeX XPDUSDClong | +0.0012% | 4h | 1,287.7 | long leg | $37K | $205K | 10x | |
| Lighter XPD | +0.0032% | 1h | 1,286 | −0.129% | $395K | $161K | 20x | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +3.506% | $16K | $20K | 52x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,286.7 | −0.073% | $167K | $7K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0103% | 8h | 1,287.9 | +0.019% | $338K | $511K | 50x | as long as short |
| Bitget XPDUSDT | +0.0200% | 4h | 1,286.8 | −0.070% | $5.0M | $261K | 100x | as long as short |
gTrade (Gains Network) XPD/USD
Lighter XPD
Injective XPD/USDC PERP
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
Bitget XPDUSDT