Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,207.6 | +0.0121 | pay 0.0362% / 24h | 13h 57m | $419K | $1.5M | 4.5x | Long Kalshi | |
| SHORT | 1,206.5 | 0 | 0.0000% / 4h | 3h 57m | — | $403K | 10x | Short SunX≤10% back |
Price gap−0.091%
Funding gap−0.0121% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.058% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0121% /8h now · paid −0.076% over the last 7D
Price−$6spread −0.091% now, avg −0.033% → −0.058% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$13−0.13%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.091%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 18 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$2,181 + $1,000Kalshi 4.5x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.62Long Kalshi: 1 payment, −$3.62; short SunX: 6 payments, $0.00.
- Watch: Gap narrower than usual−0.091% vs −0.033%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner— vs $419K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · SunX NoA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0036%/8h × 21 periods−$7.56
Price spread−0.091% → −0.033% (7d avg)−$5.82
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Kalshi bp × 2 orders−$0.48
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Kalshi: live order book, 3 min ago; SunX: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi4.557.8 bp−$8doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX900.08doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)