XPD Funding Rate — perpetuals across 10 venues
TradFi perpetual · compared across 10 venues · net of estimated fees · updated every few minutes
XPD is a commodity-linked perpetual referencing XPD. Its price tracks the commodity, not an equity.
Live annualized XPD perpetual funding across all 10 venues Perpia tracks. Right now XPD funding is positive on 1 and negative on 3, ranging from +9.9% on Ostium to -38.0% on Hyperliquid — a spread of 47.9%. The widest delta-neutral trade is long Hyperliquid / short Ostium at 38.5% net APR.
XPD funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
XPD funding rate by venue
25 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Ostium↗ | +9.9% | 1h |
| MEXC↗ | +0.0% | 4h |
| Aster↗ | +0.0% | 4h |
| Gate.io↗ | +0.0% | 4h |
| Bitget↗ | +0.0% | 4h |
| GMTrade↗ | +0.0% | 1h |
| Variational↗ | +0.0% | 4h |
| OKX↗ | -26.3% | 8h |
| trade.xyz↗ | -37.0% | 1h |
| Hyperliquid↗ | -38.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs Ostium page.
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XPD funding — FAQ
Is XPD funding positive right now?
XPD perpetual funding is positive on 1 of 10 venues Perpia tracks and negative on 3. The highest is +9.9% on Ostium; the lowest is -38.0% on Hyperliquid.
What is the best XPD funding arbitrage right now?
Go long Hyperliquid and short Ostium for about 38.5% net APR after fees — the widest delta-neutral XPD spread Perpia currently sees.
Which exchange has the highest XPD funding rate?
Ostium, at +9.9% annualized. Funding shifts continuously, so check the live table above before trading.
How XPD funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to XPD
Markets also quoted on both Hyperliquid and Ostium — the same two exchanges you would already have funded for the XPD trade.
See every spread between them on the Hyperliquid vs Ostium page.