Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against SunX+0.176%7-day average +0.023% · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.176%, 7d avg +0.023%

Together, before fees−0.049%−$5 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: Gate is 0.152% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,313.9	0	get 0.0000% / 4h	1h 45m	—	$1.9M	10x
Short	Gate XPD_USDT	1,316.2	0	get 0.0000% / 4h	1h 45m	$2.0M	$408K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.023%: $15.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.77
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Gate: live order book, 2 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, 10 min ago	900.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.55 bp	28.5 bp −$28	145.3 bp −$1,453	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_USDTshort	0.0000%	4h	1,316.2	+0.176%	$2.0M	$408K	100x
SunX XPD-USDTlong	0.0000%	4h	1,313.9	long leg	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,315.8	+0.149%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314.2	+0.026%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,316	+0.161%	$401K	$147K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.440%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,313.4	−0.037%	$2.7M	$531K	20x	as long as short
Variational Omni XPD	+0.0078%	4h	1,316	+0.160%	$541K	$14K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.1	+0.013%	$171K	$4K	75x	as long as short
BloFin XPD-USDT	+0.0129%	4h	1,316	+0.161%	$30K	$19K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPD-USDT-SWAP	+0.0150%	8h	1,315.9	+0.154%	$322K	$485K	50x	as long as short
Binance XPDUSDT	+0.0169%	4h	1,316.2	+0.179%	$3.8M	$4.2M	100x	as long as short
MEXC XPD_USDT	+0.0174%	4h	1,315.6	+0.129%	$13.2M	$338K	100x	as long as short
edgeX XPDUSDC	+0.0198%	4h	1,316	+0.161%	$38K	$206K	10x	as long as short
Bitget XPDUSDT	+0.0274%	4h	1,315.3	+0.107%	$5.0M	$218K	100x	as long as short
Aster XPDUSDT	+0.0344%	4h	1,315.2	+0.102%	$27K	$12K	20x	as long as short
GRVT XPD_USDT_Perp	+0.0668%	4h	1,315.6	+0.132%	$338K	$1.0M	25x	as long as short