Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.002%

Price spread now: gTrade (Gains Network) against SunX−0.008%7-day average — · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,308.3	0	get 0.0000% / 4h	1h 51m	—	$1.8M	10x
Short	gTrade (Gains Network) XPD/USD	1,308.2	L +0.0008% / S −0.0007%	get 0.0001% / 1h	51m 33s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.008%Rate

Funding earned: $1.55
Price spread: −0.008% → 0.000%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$17.3
Costs to cover: 0.180%
Break-even: 85.4 days

Slippage unknown: SunX: live order book, 14 min ago; gTrade (Gains Network): no order-book sample. 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, 14 min ago	900.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPD on 16 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	−0.0164%	1h	1,306.2	−0.158%	$2.7M	$518K	20x	as long as short
Aster XPDUSDT	0.0000%	4h	1,306.9	−0.104%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,306	−0.171%	$3.7M	$4.5M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,306.6	−0.128%	$2.0M	$449K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,307	−0.099%	$13.2M	$264K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,309.3	+0.081%	$541K	$16K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,308.3	long leg	—	$1.8M	10x
HTX XPD-USDT	0.0000%	4h	1,307.9	−0.026%	$9K	$33K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0003%	8h	1,306.9	−0.105%	$316K	$469K	50x	as long as short
gTrade (Gains Network) XPD/USDshort	L +0.0008% / S −0.0007%	1h	1,308.2	−0.008%	—	—	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0012%	4h	1,310.1	+0.138%	$38K	$205K	10x	as long as short
Bitget XPDUSDT	+0.0014%	4h	1,305.7	−0.198%	$5.0M	$218K	100x	as long as short
Lighter XPD	+0.0032%	1h	1,307	−0.097%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.875%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,306.5	−0.135%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0216%	4h	1,309.6	+0.102%	$339K	$777K	25x	as long as short