Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h 0.000%

Price spread now: OKX against SunX+0.071%7-day average +0.003% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.071%, 7d avg +0.003%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.068% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,316.3	0	get 0.0000% / 4h	13m 48s	—	$1.9M	10x
Short	OKX XPD-USDT-SWAP	1,317.2	0.0165	get 0.0165% / 8h	13m 48s	$321K	$486K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $34.62
Price spread: +0.071% → +0.003%: $6.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $23.43
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: SunX: live order book, 12 min ago; OKX: live order book, 62 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, 12 min ago	900.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 62 min ago	0.38 bp	14.7 bp −$15	82.6 bp −$826	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
Binance XPDUSDT	0.0000%	4h	1,318.3	+0.152%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,318	+0.131%	$2.0M	$416K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,317.5	+0.092%	$13.2M	$339K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,317.7	+0.108%	$546K	$16K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,316.3	long leg	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,317.6	+0.101%	$10K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0002%	4h	1,317.7	+0.110%	$38K	$206K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,316	−0.023%	—	—	—	as long as short
BloFin XPD-USDT	+0.0013%	4h	1,318.2	+0.143%	$30K	$19K	100x	as long as short
Lighter XPD	+0.0032%	1h	1,318.5	+0.169%	$404K	$153K	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 PERP	+0.0033%	1h	1,332.8	+1.256%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0040%	4h	1,317.3	+0.081%	$5.0M	$219K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,316	−0.021%	$2.7M	$523K	20x	as long as short
Aster XPDUSDT	+0.0094%	4h	1,317.6	+0.097%	$27K	$12K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,317.2	+0.070%	$171K	$4K	75x	as long as short
OKX XPD-USDT-SWAPshort	+0.0165%	8h	1,317.2	+0.071%	$321K	$486K	50x
GRVT XPD_USDT_Perp	+0.0490%	4h	1,317.3	+0.081%	$339K	$944K	25x	as long as short