Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against HTX−0.145%7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.145% cheaper against HTX than usual: you would sell low and buy high (spread −0.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 9.7 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	HTX XPD-USDT	1,301	0	get 0.0000% / 4h	34m 19s	$9K	$34K	20x
Short	tradeXYZ xyz:PALLADIUM	1,299.1	0.0050	get 0.0006% / 1h	34m 19s	$2.7M	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.145%Rate

Funding earned: $10.5
Price spread: −0.145% → 0.000%: −$14.53
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.03
Costs to cover: 0.300%
Break-even: 29.7 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	1.92 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

HTX: 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
BloFin XPD-USDT	−0.0014%	4h	1,301.2	+0.015%	$30K	$20K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,300.5	−0.040%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,301.3	+0.025%	$3.8M	$4.6M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,301	+0.001%	$323K	$468K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,301.3	+0.027%	$2.0M	$457K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,301.2	+0.014%	$13.1M	$268K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,301.6	+0.048%	$537K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,298.4	−0.197%	—	$1.8M	10x	as long as short
HTX XPD-USDTlong	0.0000%	4h	1,301	long leg	$9K	$34K	20x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.2	−0.138%	—	—	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0015%	4h	1,301.7	+0.056%	$37K	$206K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,301.9	+0.070%	$401K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.445%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,299.1	−0.145%	$2.7M	$509K	20x
Bitget XPDUSDT	+0.0068%	4h	1,300.9	−0.005%	$5.0M	$240K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,301	0.000%	$169K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0386%	4h	1,301.6	+0.046%	$337K	$726K	25x	as long as short