Funding you earn now, next payment 08:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.007%
Price spread now: OKX against tradeXYZ+0.186%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.186%, 7d avg +0.116%
=Together, before fees+0.004%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.070% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.116%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 41s | $2.7M | $487K | 20x |
| Short | OKX XPD-USDT-SWAP | 1,295.7 | 0.0234 | get 0.0234% / 8h | 30m 41s | $322K | $478K | 50x |
tradeXYZ xyz:PALLADIUM
OKX XPD-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $38.66
- Price spread: +0.186% → +0.116%
- $6.99
- Slippage, 4 orders
- −$33.56
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$15.91
- Costs to cover
- 0.616%
- Break-even
- 9.9 days
Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago | 2.70 bp | 19.5 bp −$20 | 99.2 bp −$992 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPD-USDT | −0.0030% | 4h | 1,297.9 | +0.353% | $30K | $20K | 100x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,296.1 | +0.213% | $3.7M | $4.9M | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,296.4 | +0.238% | $2.0M | $474K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,295.8 | +0.190% | $13.0M | $270K | 100x | as long as short |
| 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 |
BloFin XPD-USDT
Binance XPDUSDT
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
Lighter XPDShow 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 | 1,294.4 | +0.088% | $168K | $7K | 75x | as long as short |
| Aster XPDUSDT | +0.0233% | 4h | 1,294.5 | +0.090% | $27K | $6K | 20x | as long as short |
| OKX XPD-USDT-SWAPshort | +0.0234% | 8h | 1,295.7 | +0.186% | $322K | $478K | 50x | |
| Bitget XPDUSDT | +0.0434% | 4h | 1,295.8 | +0.189% | $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 |
Injective XPD/USDC PERP
KuCoin XPDUSDTM
Aster XPDUSDT
Bitget XPDUSDT
GRVT XPD_USDT_Perp