Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.009%

Price spread now: edgeX against tradeXYZ+0.245%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.245%, 7d avg +0.116%

Together, before fees−0.286%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.129% dearer against tradeXYZ than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.116%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,305	−0.0046	get 0.0006% / 1h	21m 26s	$2.7M	$493K	20x
Short	edgeX XPDUSDC	1,308.2	0.0017	get 0.0009% / 4h	1h 21m	$38K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $13.44
Price spread: +0.245% → +0.116%: $12.91
Slippage, 4 orders: −$13.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.88
Costs to cover: 0.402%
Break-even: 14.2 days

Slippage from tradeXYZ: live order book, 5 min ago; edgeX: live order book, 40 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, 5 min ago	1.91 bp	12.7 bp −$13	22.6 bp −$226	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	1.18 bp	6.6 bp −$7	132.0 bp −$1,320	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:PALLADIUMlong	−0.0046%	1h	1,305	long leg	$2.7M	$493K	20x
Aster XPDUSDT	0.0000%	4h	1,306.5	+0.115%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,307.2	+0.166%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,307.7	+0.207%	$324K	$475K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,307.3	+0.176%	$2.0M	$457K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,307.6	+0.198%	$13.2M	$269K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,306.6	+0.124%	$5.0M	$219K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,308.1	+0.241%	$540K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,306.7	+0.133%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,307.3	+0.174%	$9K	$33K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,305.3	+0.021%	—	—	—	as long as short
BloFin XPD-USDT	+0.0013%	4h	1,307.7	+0.210%	$30K	$20K	100x	as long as short
edgeX XPDUSDCshort	+0.0017%	4h	1,308.2	+0.245%	$38K	$205K	10x
Lighter XPD	+0.0032%	1h	1,306.6	+0.123%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.130%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,305.5	+0.038%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0144%	4h	1,307.4	+0.186%	$339K	$740K	25x	as long as short