Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0558%/8h= −61.1% APRpaid last 24h −0.008%

Price spread now: tradeXYZ against Aster−0.075%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and tradeXYZ is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPDUSDT	1,300.7	0.0608	pay 0.0304% / 4h	2h 07m	$27K	$5K	20x
Short	tradeXYZ xyz:PALLADIUM	1,299.7	0.0050	get 0.0006% / 1h	7m 42s	$2.7M	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$117.19
Price spread: −0.075% → 0.000%: −$7.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$150.64
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 10 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 10 min ago	1.93 bp	13.0 bp −$13	25.1 bp −$251	doesn't fit	doesn't fit

Aster: 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
SunX XPD-USDT	0.0000%	4h	1,300.5	−0.013%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299	−0.127%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.7	+0.079%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.470%	$16K	$20K	52x	as long as short
Gate XPD_USDT	+0.0038%	4h	1,301.8	+0.087%	$2.0M	$484K	100x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,299.7	−0.075%	$2.7M	$470K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,300.2	−0.037%	$169K	$6K	75x	as long as short
HTX XPD-USDT	+0.0114%	4h	1,302.1	+0.110%	$10K	$34K	20x	as long as short
Variational Omni XPD	+0.0240%	4h	1,300.6	−0.008%	$536K	$24K	—	as long as short
BloFin XPD-USDT	+0.0299%	4h	1,302.4	+0.134%	$30K	$20K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0339%	4h	1,301.9	+0.094%	$3.8M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0346%	4h	1,301.7	+0.078%	$13.1M	$270K	100x	as long as short
edgeX XPDUSDC	+0.0354%	4h	1,300.4	−0.019%	$37K	$205K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0366%	8h	1,301.5	+0.064%	$320K	$478K	50x	as long as short
Bitget XPDUSDT	+0.0546%	4h	1,300.9	+0.019%	$5.0M	$245K	100x	as long as short
Aster XPDUSDTlong	+0.0608%	4h	1,300.7	long leg	$27K	$5K	20x
GRVT XPD_USDT_Perp	+0.0966%	4h	1,301	+0.022%	$336K	$711K	25x	as long as short