Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.011%

Price spread now: Binance against tradeXYZ+0.189%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 2 days (all we have)−0.049%−$5 · spread now +0.189%, 7d avg +0.111%

Together, before fees−0.169%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.079% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.111%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,314.1	0.0050	pay 0.0006% / 1h	59m 50s	$2.7M	$515K	20x
Short	Binance XPDUSDT	1,316.6	0	get 0.0000% / 4h	2h 59m	$3.8M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.189%Rate

Funding earned: −$10.5
Price spread: +0.189% → +0.111%: $7.86
Slippage, 4 orders: −$26.66
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.3
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Binance: live order book, 7 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 tradeXYZ live order book, 8 min ago	1.52 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.22 bp	14.8 bp −$15	41.3 bp −$413	160.3 bp −$16.0K	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
BloFin XPD-USDT	−0.0045%	4h	1,316.1	+0.152%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	−0.0020%	4h	1,316.5	+0.182%	$38K	$206K	10x	as long as short
Binance XPDUSDTshort	0.0000%	4h	1,316.6	+0.189%	$3.8M	$4.4M	100x
Gate XPD_USDT	0.0000%	4h	1,316.2	+0.160%	$2.0M	$443K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316.2	+0.158%	$13.2M	$342K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.2	+0.158%	$545K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,314.3	+0.013%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,316.6	+0.193%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314.5	+0.029%	—	—	—	as long as short
Aster XPDUSDT	+0.0021%	4h	1,315.1	+0.076%	$27K	$12K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,316.5	+0.183%	$406K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.423%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0038%	4h	1,316.3	+0.170%	$5.0M	$219K	100x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,314.1	long leg	$2.7M	$515K	20x
OKX XPD-USDT-SWAP	+0.0097%	8h	1,315.9	+0.137%	$321K	$482K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.8	+0.056%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0582%	4h	1,315.1	+0.078%	$340K	$848K	25x	as long as short