Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.015%

Price spread now: OKX against SunX+0.138%47s7-day average +0.004% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.138%, 7d avg +0.004%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.135% dearer against SunX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 47 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	SunX XPD-USDT	1,315.1	0	get 0.0000% / 4h	3h 32m	—	$1.9M	10x
Short	OKX XPD-USDT-SWAP	1,316.9	0.0115	get 0.0115% / 8h	7h 32m	$321K	$471K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $24.18
Price spread: +0.138% → +0.004%: $13.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $19.64
Costs to cover: 0.180%
Break-even: 1.3 days

Slippage unknown: SunX: live order book, 3 min ago; OKX: live order book, 38 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, 3 min ago	900.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 38 min ago	0.76 bp	14.6 bp −$15	83.2 bp −$832	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	−0.0027%	4h	1,318.2	+0.239%	$30K	$19K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,317	+0.148%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.9	+0.141%	$2.0M	$427K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316.7	+0.124%	$13.2M	$339K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,316.5	+0.106%	$5.0M	$220K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,317.6	+0.193%	$545K	$14K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,315.1	long leg	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,316.7	+0.123%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314.7	−0.029%	—	—	—	as long as short
edgeX XPDUSDC	+0.0009%	4h	1,317.3	+0.169%	$38K	$206K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0013%	4h	1,316	+0.067%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,317.5	+0.184%	$406K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.347%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,314.7	−0.029%	$2.7M	$521K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,317.1	+0.155%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAPshort	+0.0115%	8h	1,316.9	+0.138%	$321K	$471K	50x
GRVT XPD_USDT_Perp	+0.0568%	4h	1,316.8	+0.127%	$339K	$896K	25x	as long as short