Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.008%

Price spread now: MEXC against tradeXYZ+0.177%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 7 days−0.211%−$21 · spread now +0.177%, 7d avg +0.127%

Together, before fees−0.325%+ Points / potential airdroptradeXYZ: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.050% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.127%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.115% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,302.5	0.0014	pay 0.0002% / 1h	0m 24s	$2.7M	$494K	20x
Short	MEXC XPD_USDT	1,304.8	0	get 0.0000% / 4h	1h 00m	$13.1M	$270K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$2.85
Price spread: +0.177% → +0.127%: $5
Slippage, 4 orders: −$26.93
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$42.77
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; MEXC: live order book, 3 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, 7 min ago	1.15 bp	11.7 bp −$12	22.1 bp −$221	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.52 bp	15.7 bp −$16	16.9 bp −$169	104.2 bp −$10.4K	300.4 bp −$150.2K

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	+0.248%	$38K	$206K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,305	+0.194%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,305	+0.188%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,304.9	+0.184%	$323K	$470K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,305.2	+0.210%	$2.0M	$459K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,304.8	+0.177%	$13.1M	$270K	100x
Variational Omni XPD	0.0000%	4h	1,305	+0.192%	$538K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,303.5	+0.078%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,304.6	+0.161%	$9K	$33K	20x	as long as short
BloFin XPD-USDT	+0.0005%	4h	1,305.8	+0.251%	$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	1,302.9	+0.027%	—	—	—	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0014%	1h	1,302.5	long leg	$2.7M	$494K	20x
Bitget XPDUSDT	+0.0014%	4h	1,304.5	+0.150%	$5.0M	$234K	100x	as long as short
Lighter XPD	+0.0032%	1h	1,305.1	+0.200%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.326%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,304.8	+0.180%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0278%	4h	1,304.7	+0.170%	$338K	$732K	25x	as long as short