Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.008%

Price spread now: tradeXYZ against HTX−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.105% cheaper against HTX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPD-USDT	1,307.3	0	get 0.0000% / 4h	1h 23m	$9K	$33K	20x
Short	tradeXYZ xyz:PALLADIUM	1,305.9	−0.0057	pay 0.0007% / 1h	23m 08s	$2.7M	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$11.92
Price spread: −0.105% → 0.000%: −$10.48
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$52.4
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	1.91 bp	14.2 bp −$14	33.1 bp −$331	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0057%	1h	1,305.9	−0.105%	$2.7M	$493K	20x
Aster XPDUSDT	0.0000%	4h	1,307.1	−0.012%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,307.9	+0.047%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,307.7	+0.033%	$324K	$475K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,307.6	+0.022%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,307.6	+0.022%	$13.2M	$269K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,307.1	−0.015%	$5.0M	$219K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,308.1	+0.067%	$540K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,307	−0.021%	—	$1.8M	10x	as long as short
HTX XPD-USDTlong	0.0000%	4h	1,307.3	long leg	$9K	$33K	20x

Show 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	1,306	−0.100%	—	—	—	as long as short
BloFin XPD-USDT	+0.0013%	4h	1,307.7	+0.036%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	+0.0017%	4h	1,308.2	+0.071%	$38K	$205K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,307.9	+0.048%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.953%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,306.5	−0.057%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0138%	4h	1,307.8	+0.042%	$339K	$751K	25x	as long as short