Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against SunX+2.888%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 2.888% dearer against SunX than usual: you sell high and buy low: +$289 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,295.4	0	get 0.0000% / 4h	10m 49s	—	$1.7M	10x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	10m 49s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.888%Rate

Funding earned: $7
Price spread: +2.888% → 0.000%: $288.79
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $287.77
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; Injective: no order-book sample. 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, 5 min ago	900.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,297	+0.126%	$31K	$21K	100x	as long as short
edgeX XPDUSDC	−0.0018%	4h	1,294	−0.111%	$37K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,297.6	+0.169%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,297.7	+0.179%	$2.0M	$482K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,296.7	+0.098%	$13.0M	$282K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,298	+0.199%	$532K	$27K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,295.4	long leg	—	$1.7M	10x
HTX XPD-USDT	0.0000%	4h	1,297.8	+0.189%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,295.3	−0.010%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,297.6	+0.171%	$399K	$161K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+2.888%	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,294.4	−0.076%	$2.6M	$536K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,295.4	+0.002%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0171%	4h	1,296.1	+0.057%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0201%	8h	1,297.3	+0.147%	$327K	$492K	50x	as long as short
Bitget XPDUSDT	+0.0398%	4h	1,297.1	+0.129%	$5.0M	$255K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0704%	4h	1,297.5	+0.159%	$336K	$672K	25x	as long as short