Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.246%7-day average −0.027% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.246%, 7d avg −0.027%

Together, before fees+0.110%+$11 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 0.219% cheaper against Gate than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,301.9	0	get 0.0000% / 4h	37m 20s	$2.0M	$456K	100x
Short	SunX XPD-USDT	1,298.7	0	get 0.0000% / 4h	37m 20s	—	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.246%Rate

Funding earned: $0
Price spread: −0.246% → −0.027%: −$21.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$44.85
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	0.46 bp	27.0 bp −$27	137.7 bp −$1,377	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	900.07 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
edgeX XPDUSDC	−0.0016%	4h	1,301.7	−0.015%	$37K	$205K	10x	as long as short
BloFin XPD-USDT	−0.0002%	4h	1,301.3	−0.046%	$30K	$20K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,300.8	−0.085%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,302.1	+0.016%	$3.8M	$4.6M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,301.6	−0.022%	$323K	$468K	50x	as long as short
Gate XPD_USDTlong	0.0000%	4h	1,301.9	long leg	$2.0M	$456K	100x
MEXC XPD_USDT	0.0000%	4h	1,301.4	−0.041%	$13.1M	$268K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,302.2	+0.027%	$537K	$24K	—	as long as short
SunX XPD-USDTshort	0.0000%	4h	1,298.7	−0.246%	—	$1.8M	10x
HTX XPD-USDT	0.0000%	4h	1,301.5	−0.029%	$9K	$34K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.5	−0.181%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,302.5	+0.047%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.374%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299.7	−0.168%	$2.7M	$509K	20x	as long as short
Bitget XPDUSDT	+0.0058%	4h	1,301.2	−0.052%	$5.0M	$240K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,301.1	−0.061%	$169K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0374%	4h	1,301.6	−0.020%	$337K	$729K	25x	as long as short