Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.009%

Price spread now: Aster against tradeXYZ+0.190%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aster is 0.190% dearer against tradeXYZ than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,289.3	−0.0308	get 0.0039% / 1h	19m 55s	$2.6M	$568K	20x
Short	Aster XPDUSDT	1,291.7	0	get 0.0000% / 4h	3h 19m	$27K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.190%Rate

Funding earned: $64.72
Price spread: +0.190% → 0.000%: $18.98
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: $57.7
Costs to cover: 0.260%
Break-even: 0.8 days

Slippage unknown: tradeXYZ: live order book, 8 min ago; Aster: no order-book sample. 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 tradeXYZ live order book, 8 min ago	1.56 bp	11.3 bp −$11	22.2 bp −$222	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
tradeXYZ xyz:PALLADIUMlong	−0.0308%	1h	1,289.3	long leg	$2.6M	$568K	20x
BloFin XPD-USDT	−0.0041%	4h	1,290.7	+0.107%	$32K	$21K	100x	as long as short
edgeX XPDUSDC	−0.0015%	4h	1,287.4	−0.149%	$37K	$206K	10x	as long as short
Aster XPDUSDTshort	0.0000%	4h	1,291.7	+0.190%	$27K	$6K	20x
Binance XPDUSDT	0.0000%	4h	1,292.5	+0.248%	$3.6M	$5.1M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,291.4	+0.160%	$2.0M	$482K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,291.8	+0.191%	$13.0M	$356K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,291.5	+0.174%	$525K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,287.6	−0.129%	$334K	$625K	25x	as long as short
SunX XPD-USDT	0.0000%	4h	1,291.3	+0.157%	—	$1.6M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDT	0.0000%	4h	1,291	+0.134%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,289.9	+0.048%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,291.2	+0.147%	$397K	$161K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.374%	$16K	$20K	52x	as long as short
OKX XPD-USDT-SWAP	+0.0073%	8h	1,291	+0.132%	$341K	$524K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,289.9	+0.047%	$168K	$7K	75x	as long as short
Bitget XPDUSDT	+0.0122%	4h	1,290.6	+0.099%	$5.0M	$280K	100x	as long as short