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: edgeX against OKX+0.347%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

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

Long on OKX Short on edgeX

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)−0.398%−$40 · spread now +0.347%, 7d avg +0.004%

Together, before fees−0.548%+ Points / potential airdropedgeX: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.343% dearer against OKX than usual: you sell high and buy low (spread +0.347% now, against its 7-day average of +0.004%): +$34 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.5 days. 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	OKX XPD-USDT-SWAP	1,293.4	0.0191	pay 0.0191% / 8h	6m 59s	$326K	$491K	50x
Short	edgeX XPDUSDC	1,297.9	−0.0016	pay 0.0008% / 4h	6m 59s	$37K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.347%Rate

Funding earned: −$43.38
Price spread: +0.347% → +0.004%: $34.3
Slippage, 4 orders: −$48.72
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$76.8
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from OKX: live order book, 29 min ago; edgeX: live order book, 30 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, 29 min ago	2.70 bp	16.7 bp −$17	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell edgeX live order book, 30 min ago	9.28 bp	16.9 bp −$17	122.6 bp −$1,226	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	−0.007%	$31K	$21K	100x	as long as short
edgeX XPDUSDCshort	−0.0016%	4h	1,297.9	+0.347%	$37K	$205K	10x
Binance XPDUSDT	0.0000%	4h	1,294.8	+0.104%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,294.4	+0.076%	$2.0M	$483K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,294.5	+0.087%	$13.0M	$285K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,298	+0.353%	$532K	$27K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,292	−0.111%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294	+0.046%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,292.7	−0.053%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,295.2	+0.139%	$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	+3.046%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,291.6	−0.139%	$2.6M	$541K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,293.2	−0.015%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0150%	4h	1,294.2	+0.063%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAPlong	+0.0191%	8h	1,293.4	long leg	$326K	$491K	50x
Bitget XPDUSDT	+0.0388%	4h	1,293.6	+0.019%	$5.0M	$255K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0698%	4h	1,296.8	+0.265%	$336K	$672K	25x	as long as short