Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h −0.008%

Price spread now: tradeXYZ against edgeX−0.223%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.223%, 7d avg −0.116%

Together, before fees+0.294%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.108% cheaper against edgeX than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of −0.116%). If the spread goes back, that is −$11 on $10k: about 6.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPDUSDC	1,312.6	−0.0008	get 0.0004% / 4h	2h 13m	$38K	$206K	10x
Short	tradeXYZ xyz:PALLADIUM	1,309.7	0.0050	get 0.0006% / 1h	13m 36s	$2.7M	$518K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against edgeX. 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 edgeXbpFee tradeXYZbpOrdersPrice spread, now −0.223%Rate

Funding earned: $12.15
Price spread: −0.223% → −0.116%: −$10.79
Slippage, 4 orders: −$25.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$51.23
Costs to cover: 0.526%
Break-even: 36.5 days

Slippage from edgeX: live order book, 53 min ago; tradeXYZ: live order book, 4 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 edgeX live order book, 53 min ago	7.99 bp	13.4 bp −$13	133.1 bp −$1,331	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.53 bp	13.3 bp −$13	doesn't fit	doesn't fit	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 XPDUSDClong	−0.0008%	4h	1,312.6	long leg	$38K	$206K	10x
Binance XPDUSDT	0.0000%	4h	1,310.8	−0.137%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,311.8	−0.063%	$2.0M	$453K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,311.5	−0.089%	$13.1M	$334K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,312.3	−0.023%	$542K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,310	−0.204%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.7	−0.070%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,309.7	−0.222%	—	—	—	as long as short
Aster XPDUSDT	+0.0024%	4h	1,310.9	−0.132%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,311.8	−0.063%	$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	+1.536%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,309.7	−0.223%	$2.7M	$518K	20x
OKX XPD-USDT-SWAP	+0.0058%	8h	1,310.5	−0.162%	$315K	$475K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,310.4	−0.169%	$171K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0114%	4h	1,310.3	−0.180%	$5.0M	$216K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0490%	4h	1,311.6	−0.078%	$340K	$787K	25x	as long as short