Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter against SunX+0.072%7-day average +0.017% · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.072%, 7d avg +0.017%

Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.055% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,314.4	0	get 0.0000% / 4h	1h 19m	—	$1.9M	10x
Short	Lighter XPD	1,315.3	0.0032	get 0.0004% / 1h	19m 33s	$400K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.072%Rate

Funding earned: $6.72
Price spread: +0.072% → +0.017%: $5.48
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.2
Costs to cover: 0.080%
Break-even: 2.6 days

Slippage unknown: SunX: live order book, 6 min ago; Lighter: live order book, 55 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 SunX live order book, 6 min ago	900.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 55 min ago	10.28 bp	23.3 bp −$23	43.5 bp −$435	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
Gate XPD_USDT	0.0000%	4h	1,314.8	+0.031%	$1.9M	$412K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,315	+0.047%	$541K	$14K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,314.4	long leg	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,314.5	+0.014%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.5	−0.145%	—	—	—	as long as short
tradeXYZ xyz:PALLADIUM	+0.0031%	1h	1,312.7	−0.126%	$2.7M	$481K	20x	as long as short
Lighter XPDshort	+0.0032%	1h	1,315.3	+0.072%	$400K	$147K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.403%	$16K	$20K	52x	as long as short
BloFin XPD-USDT	+0.0063%	4h	1,314.6	+0.018%	$30K	$19K	100x	as long as short
Binance XPDUSDT	+0.0063%	4h	1,315	+0.045%	$3.8M	$4.2M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0066%	4h	1,314.8	+0.037%	$13.2M	$339K	100x	as long as short
edgeX XPDUSDC	+0.0074%	4h	1,314.9	+0.039%	$38K	$206K	10x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,313.6	−0.056%	$171K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0163%	8h	1,314.2	−0.012%	$321K	$483K	50x	as long as short
Bitget XPDUSDT	+0.0180%	4h	1,314.1	−0.023%	$5.0M	$219K	100x	as long as short
Aster XPDUSDT	+0.0206%	4h	1,314.3	−0.007%	$27K	$12K	20x	as long as short
GRVT XPD_USDT_Perp	+0.0522%	4h	1,314.5	+0.011%	$337K	$1.0M	25x	as long as short