Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: SunX against Bitget−0.178%50s7-day average +0.027% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.178%, 7d avg +0.027%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.205% cheaper against Bitget than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPDUSDT	1,320	0	get 0.0000% / 4h	3h 56m	$5.1M	$219K	100x
Short	SunX XPD-USDT	1,317.7	0	get 0.0000% / 4h	3h 56m	—	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → +0.027%: −$20.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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 Bitget live order book, 2 min ago	4.89 bp	15.2 bp −$15	19.8 bp −$198	95.0 bp −$9,496	doesn't fit
Sell SunX live order book, 9 min ago	900.06 bp	doesn't fit	doesn't fit	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:PALLADIUM	−0.0130%	1h	1,318.6	−0.106%	$2.7M	$523K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,321	+0.078%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,321	+0.074%	$2.0M	$414K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,320.4	+0.032%	$13.2M	$337K	100x	as long as short
Bitget XPDUSDTlong	0.0000%	4h	1,320	long leg	$5.1M	$219K	100x
Variational Omni XPD	0.0000%	4h	1,318.8	−0.094%	$546K	$16K	—	as long as short
SunX XPD-USDTshort	0.0000%	4h	1,317.7	−0.178%	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,318.8	−0.094%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,319.3	−0.054%	—	—	—	as long as short
BloFin XPD-USDT	+0.0012%	4h	1,318.1	−0.148%	$30K	$19K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0018%	4h	1,318.7	−0.097%	$38K	$204K	10x	as long as short
Aster XPDUSDT	+0.0028%	4h	1,319.8	−0.014%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,321.3	+0.098%	$406K	$153K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+0.970%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,319.1	−0.067%	$172K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0140%	8h	1,320.9	+0.068%	$321K	$488K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0464%	4h	1,318.4	−0.125%	$339K	$935K	25x	as long as short