Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against SunX−0.003%7-day average +0.020% · you buy dearer than you sell

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

Long on SunX Short on MEXC

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)−0.003%$0 · spread now −0.003%, 7d avg +0.020%

Together, before fees+0.085%+$8 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: MEXC is 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,291.8	0	get 0.0000% / 4h	7m 57s	—	$1.7M	10x
Short	MEXC XPD_USDT	1,291.7	0	get 0.0000% / 4h	7m 57s	$12.9M	$282K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.020%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$10.35
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; MEXC: live order book, just now. 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, 7 min ago	900.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, just now	7.04 bp	7.0 bp −$7	7.0 bp −$70	13.8 bp −$1,383	277.5 bp −$138.8K

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	1,297.9	+0.475%	$37K	$205K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,293.9	+0.164%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,294	+0.177%	$2.0M	$483K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,291.7	−0.003%	$12.9M	$282K	100x
Variational Omni XPD	0.0000%	4h	1,298	+0.481%	$532K	$27K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,291.8	long leg	—	$1.7M	10x
HTX XPD-USDT	0.0000%	4h	1,294	+0.174%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,291.8	+0.007%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,293.6	+0.143%	$398K	$161K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.178%	$16K	$20K	52x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPD-USDT	+0.0042%	4h	1,297.1	+0.416%	$31K	$21K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,290.6	−0.089%	$2.6M	$541K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,292	+0.018%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0150%	4h	1,293.2	+0.110%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0193%	8h	1,292.6	+0.066%	$326K	$492K	50x	as long as short
Bitget XPDUSDT	+0.0390%	4h	1,293.6	+0.142%	$5.0M	$255K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0698%	4h	1,296.8	+0.393%	$336K	$672K	25x	as long as short