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% APRpaid last 24h +0.015%

Price spread now: OKX against SunX+0.159%7-day average +0.006% · 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+0.243%+$24 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.159%, 7d avg +0.006%

Together, before fees+0.093%+$9 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: OKX is 0.153% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,298.9	0	get 0.0000% / 4h	35m 47s	—	$1.8M	10x
Short	OKX XPD-USDT-SWAP	1,301	0	get 0.0000% / 8h	4h 35m	$323K	$468K	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 +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.006%: $15.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.74
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; OKX: live order book, 20 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, 10 min ago	900.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 20 min ago	0.77 bp	15.2 bp −$15	74.8 bp −$748	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	−0.0016%	4h	1,301.7	+0.212%	$37K	$205K	10x	as long as short
BloFin XPD-USDT	−0.0002%	4h	1,301.3	+0.181%	$30K	$20K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,300.5	+0.124%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,301.3	+0.183%	$3.8M	$4.6M	100x	as long as short
OKX XPD-USDT-SWAPshort	0.0000%	8h	1,301	+0.159%	$323K	$468K	50x
Gate XPD_USDT	0.0000%	4h	1,301.7	+0.209%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,301.2	+0.172%	$13.1M	$268K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,301.6	+0.206%	$537K	$24K	—	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,298.9	long leg	—	$1.8M	10x
HTX XPD-USDT	0.0000%	4h	1,301.4	+0.189%	$9K	$34K	20x	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	1,299.5	+0.044%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.5	+0.197%	$401K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.607%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299.1	+0.012%	$2.7M	$509K	20x	as long as short
Bitget XPDUSDT	+0.0064%	4h	1,300.8	+0.142%	$5.0M	$240K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,300.7	+0.138%	$169K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0374%	4h	1,301.6	+0.207%	$337K	$729K	25x	as long as short