Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.008%

Price spread now: MEXC against tradeXYZ+0.203%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.203%, 7d avg +0.132%

Together, before fees−0.242%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.072% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of +0.132%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,293.3	0.0050	pay 0.0006% / 1h	30m 43s	$2.7M	$487K	20x
Short	MEXC XPD_USDT	1,295.9	0	get 0.0000% / 4h	30m 43s	$13.0M	$270K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$10.5
Price spread: +0.203% → +0.132%: $7.16
Slippage, 4 orders: −$29.55
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$50.89
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; MEXC: live order book, 3 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, 7 min ago	1.93 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	7.48 bp	14.7 bp −$15	16.3 bp −$163	86.2 bp −$8,619	310.7 bp −$155.4K

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	−0.0030%	4h	1,297.9	+0.353%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,296.4	+0.238%	$3.7M	$4.9M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,296.8	+0.269%	$2.0M	$474K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,295.9	+0.203%	$13.0M	$270K	100x
Variational Omni XPD	0.0000%	4h	1,296.9	+0.280%	$534K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,294.2	+0.073%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,297.2	+0.300%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,294.4	+0.084%	—	—	—	as long as short
edgeX XPDUSDC	+0.0013%	4h	1,297.7	+0.337%	$37K	$206K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,296	+0.209%	$399K	$160K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.054%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,293.3	long leg	$2.7M	$487K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,294.5	+0.091%	$168K	$7K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0234%	8h	1,296.4	+0.240%	$322K	$480K	50x	as long as short
Aster XPDUSDT	+0.0235%	4h	1,295	+0.132%	$27K	$6K	20x	as long as short
Bitget XPDUSDT	+0.0434%	4h	1,295.9	+0.203%	$5.0M	$250K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0720%	4h	1,298.6	+0.407%	$337K	$675K	25x	as long as short