Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.006%

Price spread now: tradeXYZ against SunX−0.016%7-day average −0.101% · you buy dearer than you sell

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.016%, 7d avg −0.101%

Together, before fees+0.118%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.084% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,294.7	0	get 0.0000% / 4h	1h 23m	—	$1.8M	10x
Short	tradeXYZ xyz:PALLADIUM	1,294.5	0.0050	get 0.0006% / 1h	23m 08s	$2.7M	$459K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.016%Rate

Funding earned: $10.5
Price spread: −0.016% → −0.101%: $8.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$7.05
Costs to cover: 0.260%
Break-even: 11.7 days

Slippage unknown: SunX: live order book, 12 min ago; tradeXYZ: live order book, 5 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, 12 min ago	900.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	1.55 bp	12.9 bp −$13	29.0 bp −$290	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
Gate XPD_USDT	0.0000%	4h	1,296.4	+0.132%	$2.0M	$479K	100x	as long as short
SunX XPD-USDTlong	0.0000%	4h	1,294.7	long leg	—	$1.8M	10x
HTX XPD-USDT	0.0000%	4h	1,296	+0.100%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,294.4	−0.025%	—	—	—	as long as short
Variational Omni XPD	+0.0025%	4h	1,296.2	+0.115%	$535K	$24K	—	as long as short
Lighter XPD	+0.0032%	1h	1,296.8	+0.161%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.942%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0050%	1h	1,294.5	−0.016%	$2.7M	$459K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,294.9	+0.017%	$168K	$7K	75x	as long as short
Binance XPDUSDT	+0.0109%	4h	1,296.3	+0.123%	$3.7M	$4.8M	100x	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	+0.0112%	4h	1,296	+0.101%	$13.0M	$271K	100x	as long as short
edgeX XPDUSDC	+0.0126%	4h	1,296	+0.100%	$37K	$204K	10x	as long as short
BloFin XPD-USDT	+0.0130%	4h	1,296.8	+0.161%	$31K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0289%	8h	1,295.9	+0.092%	$323K	$476K	50x	as long as short
Aster XPDUSDT	+0.0383%	4h	1,296.4	+0.129%	$27K	$6K	20x	as long as short
Bitget XPDUSDT	+0.0470%	4h	1,295.5	+0.057%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0712%	4h	1,295.4	+0.057%	$337K	$689K	25x	as long as short