Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.002%

Price spread now: OKX against Bitget+0.083%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

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

costs, in and out, $10k−$650.647% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.083%, 7d avg +0.030%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.053% dearer against Bitget than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.030%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPDUSDT	1,295.8	0.0458	pay 0.0229% / 4h	1h 15m	$5.0M	$246K	100x
Short	OKX XPD-USDT-SWAP	1,296.9	0.0281	get 0.0281% / 8h	1h 15m	$323K	$476K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$37.27
Price spread: +0.083% → +0.030%: $5.28
Slippage, 4 orders: −$42.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.72
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 25 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 Bitget live order book, 2 min ago	4.98 bp	14.1 bp −$14	28.6 bp −$286	doesn't fit	doesn't fit
Sell OKX live order book, 25 min ago	0.77 bp	19.0 bp −$19	79.0 bp −$790	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
Gate XPD_USDT	0.0000%	4h	1,296.9	+0.082%	$2.0M	$481K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,295.2	−0.049%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,296.7	+0.066%	$10K	$35K	20x	as long as short
Variational Omni XPD	+0.0006%	4h	1,296.6	+0.058%	$535K	$24K	—	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,293.4	−0.191%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,296.3	+0.036%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.853%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,294.1	−0.134%	$2.7M	$459K	20x	as long as short
Binance XPDUSDT	+0.0077%	4h	1,297	+0.087%	$3.7M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0078%	4h	1,295.7	−0.009%	$13.0M	$271K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XPDUSDTM	+0.0100%	4h	1,295.7	−0.012%	$168K	$7K	75x	as long as short
edgeX XPDUSDC	+0.0110%	4h	1,296.3	+0.036%	$37K	$206K	10x	as long as short
BloFin XPD-USDT	+0.0133%	4h	1,296.2	+0.026%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAPshort	+0.0281%	8h	1,296.9	+0.083%	$323K	$476K	50x
Aster XPDUSDT	+0.0357%	4h	1,296.1	+0.024%	$27K	$6K	20x	as long as short
Bitget XPDUSDTlong	+0.0458%	4h	1,295.8	long leg	$5.0M	$246K	100x
GRVT XPD_USDT_Perp	+0.0700%	4h	1,295.9	+0.006%	$337K	$689K	25x	as long as short