Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: SunX against Injective−0.990%7-day average — · you buy dearer than you sell

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.990% cheaper against Injective than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPD/USDC PERP	1,332.8	0.0033	pay 0.0004% / 1h	54m 53s	$16K	$20K	52x
Short	SunX XPD-USDT	1,319.6	0	get 0.0000% / 4h	3h 54m	—	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now −0.990%Rate

Funding earned: −$7
Price spread: −0.990% → 0.000%: −$99.04
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.06
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	900.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0053%	4h	1,320.7	−0.909%	$30K	$19K	100x	as long as short
tradeXYZ xyz:PALLADIUM	−0.0050%	1h	1,319.2	−1.020%	$2.7M	$523K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,321.4	−0.859%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,320.8	−0.898%	$2.0M	$415K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,320.4	−0.930%	$13.2M	$337K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,320	−0.960%	$5.1M	$219K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,321.3	−0.860%	$547K	$16K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,321	−0.887%	$340K	$915K	25x	as long as short
SunX XPD-USDTshort	0.0000%	4h	1,319.6	−0.990%	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,320.7	−0.907%	$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	1,319.1	−1.026%	—	—	—	as long as short
edgeX XPDUSDC	+0.0014%	4h	1,319.1	−1.029%	$38K	$205K	10x	as long as short
Aster XPDUSDT	+0.0025%	4h	1,319.6	−0.990%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,321.1	−0.878%	$407K	$153K	20x	as long as short
Injective XPD/USDC PERPlong	+0.0033%	1h	1,332.8	long leg	$16K	$20K	52x
KuCoin XPDUSDTM	+0.0100%	4h	1,319.5	−1.001%	$172K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0138%	8h	1,320.3	−0.938%	$321K	$488K	50x	as long as short