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About XPD
XPD tracks the value of 1 troy ounce of palladium. Palladium is a precious metal whose demand comes primarily from automotive catalytic converters, electronics, and jewelry.
On EdgeX, XPD is a synthetic perpetual market. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently.
XPD is listed as a EdgeX synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Commodities.
Frequently Asked Questions
- What is XPD?
- XPD tracks the value of 1 troy ounce of palladium. Palladium is a precious metal whose demand comes primarily from automotive catalytic converters, electronics, and jewelry.
- Does trading XPD give me a claim on any physical palladium?
- No. XPD is a synthetic perpetual with no delivery mechanism — there is no physical palladium backing the contract and no way to take delivery of it. It gives price exposure only.
- In what unit and currency is XPD's price quoted?
- XPD's price tracks the value of 1 troy ounce of palladium and is quoted in U.S. dollars, like the underlying commodity markets.
- XPD on EdgeX is a synthetic perpetual market that tracks 1 troy ounce of palladium. It trades on EdgeX, so you can gain long or short exposure without holding the physical commodity.
- XPD on EdgeX is a synthetic perpetual market that tracks 1 troy ounce of palladium. It trades on EdgeX, so you can gain long or short exposure without holding the physical commodity.
- Can XPD's price on EdgeX differ from the price on other venues?
- Yes. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently and can differ from the same instrument on another venue.
- What does it mean that EdgeX runs its own funding schedule?
- Funding is a periodic payment between long and short positions that keeps a perpetual's price anchored to its underlying. EdgeX sets and settles its own funding on its own schedule, so the funding rate on EdgeX can differ from the funding rate on other venues.
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