Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: tradeXYZ against SunX+0.014%52s7-day average −0.107% · you sell dearer than you buy

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.014%, 7d avg −0.107%

Together, before fees+0.114%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.121% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.107%. The two prices were read 52 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	1,312.7	0	get 0.0000% / 4h	3h 24m	—	$1.9M	10x
Short	tradeXYZ xyz:PALLADIUM	1,312.9	0.0050	get 0.0006% / 1h	24m 26s	$2.7M	$517K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.014%Rate

Funding earned: $10.5
Price spread: +0.014% → −0.107%: $12.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$3.38
Costs to cover: 0.260%
Break-even: 9.3 days

Slippage unknown: SunX: live order book, 11 min ago; tradeXYZ: live order book, 4 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, 11 min ago	900.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	2.29 bp	13.3 bp −$13	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	−0.0018%	4h	1,315	+0.174%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315.1	+0.184%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,314.6	+0.144%	$2.0M	$435K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.8	+0.161%	$13.2M	$339K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	+0.140%	$544K	$14K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,312.7	long leg	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,314.2	+0.111%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.8	+0.007%	—	—	—	as long as short
edgeX XPDUSDC	+0.0020%	4h	1,315.2	+0.188%	$38K	$205K	10x	as long as short
Bitget XPDUSDT	+0.0022%	4h	1,314.5	+0.133%	$5.0M	$222K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0027%	4h	1,313.8	+0.080%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,314.8	+0.159%	$405K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.530%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,312.9	+0.014%	$2.7M	$517K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	+0.128%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0116%	8h	1,314.7	+0.152%	$324K	$477K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0698%	4h	1,314.4	+0.130%	$340K	$881K	25x	as long as short