Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.015%

Price spread now: Binance against OKX−0.016%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

Price spread, last 2 days (all we have)+0.039%+$4 · spread now −0.016%, 7d avg +0.023%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.039% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,321.2	0.0129	pay 0.0129% / 8h	7h 48m	$321K	$487K	50x
Short	Binance XPDUSDT	1,321	0	get 0.0000% / 4h	3h 48m	$3.8M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: −$27.03
Price spread: −0.016% → +0.023%: −$3.89
Slippage, 4 orders: −$41.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.58
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from OKX: live order book, 23 min ago; Binance: live order book, 4 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 OKX live order book, 23 min ago	0.76 bp	17.3 bp −$17	82.3 bp −$823	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.48 bp	16.1 bp −$16	36.9 bp −$369	142.6 bp −$14.3K	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	−0.0043%	4h	1,322.6	+0.104%	$30K	$19K	100x	as long as short
Binance XPDUSDTshort	0.0000%	4h	1,321	−0.016%	$3.8M	$4.4M	100x
Gate XPD_USDT	0.0000%	4h	1,320.9	−0.025%	$2.0M	$420K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,320.5	−0.053%	$13.2M	$338K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,320.3	−0.069%	$5.1M	$220K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,321.6	+0.032%	$547K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,319.3	−0.148%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,322.1	+0.070%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,318.8	−0.179%	—	—	—	as long as short
edgeX XPDUSDC	+0.0008%	4h	1,321.5	+0.021%	$38K	$205K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0010%	4h	1,319.8	−0.103%	$27K	$12K	20x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0024%	1h	1,318.5	−0.204%	$2.7M	$523K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,320.6	−0.045%	$407K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+0.878%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,319.8	−0.103%	$172K	$5K	75x	as long as short
OKX XPD-USDT-SWAPlong	+0.0129%	8h	1,321.2	long leg	$321K	$487K	50x
GRVT XPD_USDT_Perp	+0.0482%	4h	1,320.7	−0.041%	$340K	$915K	25x	as long as short