Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter against SunX+0.050%7-day average +0.029% · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.050%, 7d avg +0.029%

Together, before fees+0.127%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.022% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,287.2	0	get 0.0000% / 4h	3h 36m	—	$1.6M	10x
Short	Lighter XPD	1,287.8	0.0032	get 0.0004% / 1h	36m 33s	$396K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $6.72
Price spread: +0.050% → +0.029%: $2.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.9
Costs to cover: 0.080%
Break-even: 6.1 days

Slippage unknown: SunX: live order book, 9 min ago; Lighter: live order book, 53 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, 9 min ago	900.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 53 min ago	9.65 bp	9.7 bp −$10	37.6 bp −$376	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	−0.0359%	1h	1,285.5	−0.128%	$2.6M	$565K	20x	as long as short
BloFin XPD-USDT	−0.0019%	4h	1,288.6	+0.110%	$32K	$21K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,286.8	−0.025%	$27K	$6K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,287.6	+0.033%	$3.6M	$5.1M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,288.1	+0.074%	$2.0M	$478K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,287.5	+0.030%	$12.9M	$336K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,286.9	−0.016%	$523K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,287.5	+0.030%	$334K	$637K	25x	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,287.2	long leg	—	$1.6M	10x
HTX XPD-USDT	0.0000%	4h	1,287.5	+0.026%	$10K	$35K	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	1,286.4	−0.062%	—	—	—	as long as short
edgeX XPDUSDC	+0.0012%	4h	1,287.7	+0.039%	$37K	$205K	10x	as long as short
Lighter XPDshort	+0.0032%	1h	1,287.8	+0.050%	$396K	$161K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.547%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,286.9	−0.023%	$167K	$7K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0109%	8h	1,287.8	+0.050%	$338K	$510K	50x	as long as short
Bitget XPDUSDT	+0.0208%	4h	1,287	−0.010%	$5.0M	$261K	100x	as long as short