Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.015%

Price spread now: SunX against OKX−0.178%7-day average −0.013% · you buy dearer than you sell

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.178%, 7d avg −0.013%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.165% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,294.4	0.0219	pay 0.0219% / 8h	17m 34s	$324K	$486K	50x
Short	SunX XPD-USDT	1,292.1	0	get 0.0000% / 4h	17m 34s	—	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$46.06
Price spread: −0.178% → −0.013%: −$16.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$80.53
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 18 min ago; SunX: live order book, 8 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 OKX live order book, 18 min ago	2.70 bp	16.7 bp −$17	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	900.05 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
BloFin XPD-USDT	−0.0052%	4h	1,293.7	−0.051%	$31K	$21K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,294.1	−0.024%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,294.7	+0.025%	$2.0M	$480K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,294.3	−0.012%	$13.0M	$276K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,293.3	−0.085%	$531K	$26K	—	as long as short
SunX XPD-USDTshort	0.0000%	4h	1,292.1	−0.178%	—	$1.7M	10x
HTX XPD-USDT	0.0000%	4h	1,293.4	−0.079%	$10K	$35K	20x	as long as short
edgeX XPDUSDC	+0.0006%	4h	1,291.9	−0.192%	$37K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,292.8	−0.124%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,294.3	−0.008%	$398K	$161K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.967%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,291.8	−0.201%	$2.6M	$526K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,293.6	−0.065%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0209%	4h	1,293.6	−0.065%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAPlong	+0.0219%	8h	1,294.4	long leg	$324K	$486K	50x
Bitget XPDUSDT	+0.0428%	4h	1,294	−0.032%	$5.0M	$252K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0738%	4h	1,293.3	−0.085%	$335K	$672K	25x	as long as short