Funding arb · Price arb /

XPD

RWAall XPD markets

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 −0.064%

Price spread now: SunX against GRVT−0.097%74s7-day average +0.006% · you buy dearer than you sell

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

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.097%, 7d avg +0.006%

Together, before fees−0.377%+ Points / potential airdropGRVT: Active · farm board−$38 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 0.103% cheaper against GRVT than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 74 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	GRVT XPD_USDT_Perp	1,321	0	get 0.0000% / 4h	3h 54m	$340K	$915K	25x
Short	SunX XPD-USDT	1,319.7	0	get 0.0000% / 4h	3h 54m	—	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.006%: −$10.27
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.27
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 44 min ago; SunX: live order book, 11 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 GRVT live order book, 44 min ago	0.87 bp	8.6 bp −$9	11820.8 bp −$118.2K	doesn't fit	doesn't fit
Sell SunX live order book, 11 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	−0.0054%	1h	1,319.2	−0.134%	$2.7M	$523K	20x	as long as short
BloFin XPD-USDT	−0.0053%	4h	1,320.7	−0.022%	$30K	$19K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,321.5	+0.037%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,321	+0.001%	$2.0M	$415K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,320.7	−0.024%	$13.2M	$337K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,320.1	−0.065%	$5.1M	$219K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,321.3	+0.027%	$547K	$16K	—	as long as short
GRVT XPD_USDT_Perplong	0.0000%	4h	1,321	long leg	$340K	$915K	25x
SunX XPD-USDTshort	0.0000%	4h	1,319.7	−0.097%	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,320.7	−0.020%	$10K	$33K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,319.6	−0.105%	—	—	—	as long as short
edgeX XPDUSDC	+0.0014%	4h	1,319.1	−0.143%	$38K	$205K	10x	as long as short
Aster XPDUSDT	+0.0024%	4h	1,320	−0.072%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,321.7	+0.055%	$407K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+0.895%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,319.8	−0.086%	$172K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0138%	8h	1,320.3	−0.051%	$321K	$488K	50x	as long as short