Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter against SunX+0.233%7-day average +0.025% · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.233%, 7d avg +0.025%

Together, before fees−0.049%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.208% dearer against SunX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,297.8	0	get 0.0000% / 4h	3h 16m	—	$1.8M	10x
Short	Lighter XPD	1,300.8	0.0032	get 0.0004% / 1h	16m 42s	$401K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.233%Rate

Funding earned: $6.72
Price spread: +0.233% → +0.025%: $20.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.53
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; Lighter: live order book, 28 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, 9 min ago	900.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 28 min ago	1.15 bp	22.6 bp −$23	50.7 bp −$507	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
SunX XPD-USDTlong	0.0000%	4h	1,297.8	long leg	—	$1.8M	10x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.3	+0.041%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,300.8	+0.233%	$401K	$160K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.698%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,297.8	+0.002%	$2.7M	$470K	20x	as long as short
Variational Omni XPD	+0.0095%	4h	1,300.4	+0.201%	$536K	$24K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.8	+0.153%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0134%	4h	1,300.6	+0.217%	$2.0M	$476K	100x	as long as short
edgeX XPDUSDC	+0.0232%	4h	1,300.4	+0.200%	$37K	$206K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0241%	8h	1,300.5	+0.210%	$321K	$473K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0242%	4h	1,298.6	+0.059%	$13.1M	$270K	100x	as long as short
Binance XPDUSDT	+0.0246%	4h	1,300.6	+0.215%	$3.8M	$4.7M	100x	as long as short
BloFin XPD-USDT	+0.0270%	4h	1,300.2	+0.184%	$30K	$20K	100x	as long as short
Bitget XPDUSDT	+0.0416%	4h	1,298.7	+0.074%	$5.0M	$241K	100x	as long as short
Aster XPDUSDT	+0.0429%	4h	1,299.2	+0.113%	$26K	$5K	20x	as long as short
HTX XPD-USDT	+0.0453%	4h	1,300.5	+0.212%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1264%	4h	1,300.3	+0.191%	$338K	$717K	25x	as long as short