Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance−0.057%46s7-day average −0.031% · you buy dearer than you sell

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.057%, 7d avg −0.031%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 46 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	Binance XPDUSDT	1,298.5	0	get 0.0000% / 4h	2h 56m	$3.6M	$5.2M	100x
Short	SunX XPD-USDT	1,297.8	0	get 0.0000% / 4h	2h 56m	—	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.031%: −$2.57
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.57
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; SunX: live order book, 9 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 Binance live order book, 11 min ago	0.69 bp	14.8 bp −$15	37.2 bp −$372	151.1 bp −$15.1K	doesn't fit
Sell SunX live order book, 9 min ago	900.03 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
tradeXYZ xyz:PALLADIUM	−0.0243%	1h	1,296	−0.196%	$2.6M	$574K	20x	as long as short
BloFin XPD-USDT	−0.0028%	4h	1,298.8	+0.021%	$32K	$22K	100x	as long as short
edgeX XPDUSDC	−0.0008%	4h	1,301.1	+0.198%	$37K	$205K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,298.7	+0.009%	$27K	$7K	20x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,298.5	long leg	$3.6M	$5.2M	100x
Gate XPD_USDT	0.0000%	4h	1,298.2	−0.030%	$2.0M	$479K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,298.5	−0.007%	$12.9M	$370K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,298.2	−0.027%	$5.0M	$303K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,300.2	+0.129%	$529K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,299.5	+0.072%	$338K	$631K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XPD-USDTshort	0.0000%	4h	1,297.8	−0.057%	—	$1.6M	10x
HTX XPD-USDT	0.0000%	4h	1,298.3	−0.016%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.8	+0.022%	—	—	—	as long as short
OKX XPD-USDT-SWAP	+0.0015%	8h	1,298.4	−0.011%	$336K	$548K	50x	as long as short
Lighter XPD	+0.0032%	1h	1,298.1	−0.034%	$400K	$159K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.638%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,297.2	−0.102%	$169K	$7K	75x	as long as short