Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: SunX against Lighter−0.139%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 Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.139%, 7d avg −0.020%

Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.120% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,314.6	0.0032	pay 0.0004% / 1h	23m 42s	$405K	$154K	20x
Short	SunX XPD-USDT	1,312.8	0	get 0.0000% / 4h	3h 23m	—	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$6.72
Price spread: −0.139% → −0.020%: −$11.95
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.67
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 41 min ago; SunX: live order book, 12 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 Lighter live order book, 41 min ago	1.89 bp	13.1 bp −$13	30.7 bp −$307	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	900.06 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
BloFin XPD-USDT	−0.0018%	4h	1,315	+0.030%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,314.3	−0.021%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,313.7	−0.069%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314	−0.046%	$13.2M	$339K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	−0.004%	$544K	$14K	—	as long as short
SunX XPD-USDTshort	0.0000%	4h	1,312.8	−0.139%	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,314.2	−0.033%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.8	−0.137%	—	—	—	as long as short
edgeX XPDUSDC	+0.0020%	4h	1,315.2	+0.044%	$38K	$205K	10x	as long as short
Bitget XPDUSDT	+0.0022%	4h	1,313.6	−0.076%	$5.0M	$221K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPDlong	+0.0032%	1h	1,314.6	long leg	$405K	$154K	20x
Aster XPDUSDT	+0.0032%	4h	1,313.6	−0.079%	$27K	$12K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.384%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,311.9	−0.205%	$2.7M	$517K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	−0.016%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0116%	8h	1,314.3	−0.023%	$324K	$477K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0698%	4h	1,314.4	−0.014%	$340K	$881K	25x	as long as short