Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.002%

Price spread now: Bitget against OKX+0.028%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.028%, 7d avg −0.029%

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% 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	OKX XPD-USDT-SWAP	1,296.7	0.0201	pay 0.0201% / 8h	10m 42s	$327K	$491K	50x
Short	Bitget XPDUSDT	1,297.1	0.0396	get 0.0198% / 4h	10m 42s	$5.0M	$255K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.028%Rate

Funding earned: $41.02
Price spread: +0.028% → −0.029%: $5.7
Slippage, 4 orders: −$46.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.74
Costs to cover: 0.685%
Break-even: 10.7 days

Slippage from OKX: live order book, 25 min ago; Bitget: 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 OKX live order book, 25 min ago	2.70 bp	16.7 bp −$17	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.78 bp	18.4 bp −$18	55.2 bp −$552	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	−0.0027%	4h	1,297	+0.025%	$31K	$21K	100x	as long as short
edgeX XPDUSDC	−0.0018%	4h	1,294	−0.212%	$37K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,297.9	+0.096%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,297.7	+0.078%	$2.0M	$482K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,297	+0.025%	$13.0M	$282K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,298	+0.097%	$532K	$27K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,295.4	−0.101%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,297.8	+0.088%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,295.3	−0.111%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,297.6	+0.069%	$399K	$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	+2.784%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,294.4	−0.177%	$2.6M	$537K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,295.4	−0.099%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0165%	4h	1,296.5	−0.013%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAPlong	+0.0201%	8h	1,296.7	long leg	$327K	$491K	50x
Bitget XPDUSDTshort	+0.0396%	4h	1,297.1	+0.028%	$5.0M	$255K	100x
GRVT XPD_USDT_Perp	+0.0704%	4h	1,297.5	+0.058%	$336K	$672K	25x	as long as short