Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.015%

Price spread now: OKX against Gate+0.010%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.010%, 7d avg −0.023%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,300.4	0.0144	pay 0.0072% / 4h	3h 18m	$2.0M	$476K	100x
Short	OKX XPD-USDT-SWAP	1,300.5	0.0234	get 0.0234% / 8h	3h 18m	$321K	$473K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $18.94
Price spread: +0.010% → −0.023%: $3.27
Slippage, 4 orders: −$60.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$63.23
Costs to cover: 0.854%
Break-even: 30.4 days

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 33 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 Gate live order book, 5 min ago	0.65 bp	23.5 bp −$24	134.3 bp −$1,343	doesn't fit	doesn't fit
Sell OKX live order book, 33 min ago	0.77 bp	19.6 bp −$20	84.4 bp −$844	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
SunX XPD-USDT	0.0000%	4h	1,297.4	−0.231%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,297.8	−0.195%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,300.8	+0.033%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.494%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,297.6	−0.213%	$2.7M	$470K	20x	as long as short
Variational Omni XPD	+0.0095%	4h	1,300.4	+0.002%	$536K	$24K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.6	−0.061%	$169K	$6K	75x	as long as short
Gate XPD_USDTlong	+0.0144%	4h	1,300.4	long leg	$2.0M	$476K	100x
BloFin XPD-USDT	+0.0180%	4h	1,300.5	+0.013%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	+0.0232%	4h	1,300.4	0.000%	$37K	$206K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0234%	4h	1,298.7	−0.132%	$13.1M	$270K	100x	as long as short
OKX XPD-USDT-SWAPshort	+0.0234%	8h	1,300.5	+0.010%	$321K	$473K	50x
Binance XPDUSDT	+0.0239%	4h	1,300.4	0.000%	$3.8M	$4.7M	100x	as long as short
Bitget XPDUSDT	+0.0408%	4h	1,298.7	−0.125%	$5.0M	$241K	100x	as long as short
Aster XPDUSDT	+0.0415%	4h	1,299	−0.103%	$26K	$5K	20x	as long as short
HTX XPD-USDT	+0.0462%	4h	1,300.5	+0.012%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1264%	4h	1,300.3	−0.008%	$338K	$717K	25x	as long as short