Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.008%

Price spread now: HTX against tradeXYZ+0.130%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

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

The price spread pays, funding is against you. HTX is 0.130% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 35 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,302.9	0.0012	pay 0.0002% / 1h	0m 53s	$2.7M	$494K	20x
Short	HTX XPD-USDT	1,304.6	0	get 0.0000% / 4h	1h 00m	$9K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$2.57
Price spread: +0.130% → 0.000%: $13.05
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.53
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; HTX: no order-book sample. 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 tradeXYZ live order book, 7 min ago	1.15 bp	11.7 bp −$12	22.1 bp −$221	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
edgeX XPDUSDC	−0.0013%	4h	1,305.7	+0.217%	$38K	$206K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,305.1	+0.172%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,305.1	+0.171%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,304.9	+0.154%	$323K	$470K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,305.2	+0.177%	$2.0M	$458K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,304.9	+0.150%	$13.1M	$270K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,305	+0.161%	$538K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,303.5	+0.048%	—	$1.8M	10x	as long as short
HTX XPD-USDTshort	0.0000%	4h	1,304.6	+0.130%	$9K	$33K	20x
BloFin XPD-USDT	+0.0005%	4h	1,305.8	+0.220%	$31K	$20K	100x	as long as short

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	1,303.1	+0.015%	—	—	—	as long as short
Bitget XPDUSDT	+0.0010%	4h	1,304.7	+0.136%	$5.0M	$234K	100x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0012%	1h	1,302.9	long leg	$2.7M	$494K	20x
Lighter XPD	+0.0032%	1h	1,305	+0.161%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.295%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,304.9	+0.154%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0278%	4h	1,304.7	+0.139%	$338K	$732K	25x	as long as short