Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance−0.135%7-day average −0.022% · you buy dearer than you sell

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.135%, 7d avg −0.022%

Together, before fees+0.139%+$14 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: SunX is 0.112% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,305.3	0	get 0.0000% / 4h	1h 01m	$3.7M	$4.5M	100x
Short	SunX XPD-USDT	1,303.5	0	get 0.0000% / 4h	1h 01m	—	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → −0.022%: −$11.24
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$29.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; SunX: live order book, 4 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 Binance live order book, 6 min ago	1.80 bp	11.7 bp −$12	28.5 bp −$285	143.6 bp −$14.4K	doesn't fit
Sell SunX live order book, 4 min ago	900.05 bp	doesn't fit	doesn't fit	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
edgeX XPDUSDC	−0.0013%	4h	1,305.7	+0.035%	$38K	$206K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,305.1	−0.013%	$27K	$5K	20x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,305.3	long leg	$3.7M	$4.5M	100x
OKX XPD-USDT-SWAP	0.0000%	8h	1,304.9	−0.029%	$323K	$470K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,305.2	−0.005%	$2.0M	$458K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,304.5	−0.057%	$13.1M	$270K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,305.7	+0.032%	$538K	$16K	—	as long as short
SunX XPD-USDTshort	0.0000%	4h	1,303.5	−0.135%	—	$1.8M	10x
HTX XPD-USDT	0.0000%	4h	1,304.6	−0.052%	$9K	$33K	20x	as long as short
BloFin XPD-USDT	+0.0005%	4h	1,305.8	+0.038%	$31K	$20K	100x	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	1,303.1	−0.167%	—	—	—	as long as short
Bitget XPDUSDT	+0.0010%	4h	1,304.4	−0.066%	$5.0M	$234K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0012%	1h	1,302.9	−0.182%	$2.7M	$494K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,305	−0.021%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.108%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,305	−0.023%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0278%	4h	1,304.7	−0.043%	$338K	$732K	25x	as long as short