Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.032%

Price spread now: edgeX against OKX+0.201%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.201%, 7d avg +0.005%

Together, before fees−0.361%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.196% dearer against OKX than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.005%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.113% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,298.5	0.0018	pay 0.0018% / 8h	6h 56m	$336K	$548K	50x
Short	edgeX XPDUSDC	1,301.1	−0.0008	pay 0.0004% / 4h	2h 56m	$37K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$5.35
Price spread: +0.201% → +0.005%: $19.63
Slippage, 4 orders: −$29.53
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.26
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from OKX: live order book, 34 min ago; edgeX: live order book, 35 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 OKX live order book, 34 min ago	0.39 bp	18.5 bp −$19	81.2 bp −$812	doesn't fit	doesn't fit
Sell edgeX live order book, 35 min ago	1.32 bp	6.9 bp −$7	124.8 bp −$1,248	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
tradeXYZ xyz:PALLADIUM	−0.0235%	1h	1,296.8	−0.131%	$2.6M	$574K	20x	as long as short
BloFin XPD-USDT	−0.0028%	4h	1,298.8	+0.024%	$32K	$22K	100x	as long as short
edgeX XPDUSDCshort	−0.0008%	4h	1,301.1	+0.201%	$37K	$205K	10x
Aster XPDUSDT	0.0000%	4h	1,298.7	+0.012%	$27K	$7K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,299	+0.035%	$3.6M	$5.2M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,298.3	−0.019%	$2.0M	$479K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,298.2	−0.027%	$12.9M	$370K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,298.2	−0.024%	$5.0M	$303K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,300.2	+0.132%	$529K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,299.5	+0.075%	$338K	$631K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XPD-USDT	0.0000%	4h	1,297.8	−0.054%	—	$1.6M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,298.3	−0.013%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.8	+0.025%	—	—	—	as long as short
OKX XPD-USDT-SWAPlong	+0.0018%	8h	1,298.5	long leg	$336K	$548K	50x
Lighter XPD	+0.0032%	1h	1,298	−0.039%	$399K	$159K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.642%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,297.2	−0.099%	$169K	$7K	75x	as long as short