Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.011%

Price spread now: Binance against tradeXYZ+0.086%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 2 days (all we have)+0.050%+$5 · spread now +0.086%, 7d avg +0.111%

Together, before fees−0.069%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.111%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,309.7	0.0050	pay 0.0006% / 1h	13m 36s	$2.7M	$518K	20x
Short	Binance XPDUSDT	1,310.8	0	get 0.0000% / 4h	2h 13m	$3.8M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.086%Rate

Funding earned: −$10.5
Price spread: +0.086% → +0.111%: −$2.45
Slippage, 4 orders: −$28.19
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.14
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 9 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 tradeXYZ live order book, 4 min ago	1.53 bp	10.5 bp −$11	26.3 bp −$263	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.26 bp	15.6 bp −$16	39.5 bp −$395	155.5 bp −$15.5K	doesn't fit

XPD on 16 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
edgeX XPDUSDC	−0.0008%	4h	1,312.6	+0.224%	$38K	$206K	10x	as long as short
Binance XPDUSDTshort	0.0000%	4h	1,310.8	+0.086%	$3.8M	$4.4M	100x
Gate XPD_USDT	0.0000%	4h	1,311.8	+0.160%	$2.0M	$453K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,311.5	+0.134%	$13.1M	$334K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,312.3	+0.201%	$542K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,310	+0.020%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.7	+0.153%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,309.7	+0.002%	—	—	—	as long as short
Aster XPDUSDT	+0.0024%	4h	1,310.9	+0.092%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,311.8	+0.160%	$404K	$155K	20x	as long as short

Show all 16 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	+1.764%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,309.7	long leg	$2.7M	$518K	20x
OKX XPD-USDT-SWAP	+0.0058%	8h	1,310.5	+0.061%	$315K	$475K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,310.4	+0.054%	$171K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0114%	4h	1,310.3	+0.044%	$5.0M	$216K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0490%	4h	1,311.6	+0.146%	$340K	$787K	25x	as long as short