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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance−0.034%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 2 days (all we have)+0.025%+$2 · spread now −0.034%, 7d avg +0.002%

Together, before fees−0.005%$0 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: Gate is 0.036% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,312.1	0	get 0.0000% / 4h	2h 26m	$3.8M	$4.4M	100x
Short	Gate XPD_USDT	1,311.7	0	get 0.0000% / 4h	2h 26m	$2.0M	$446K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.002%: −$3.57
Slippage, 4 orders: −$55.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$84.24
Costs to cover: 0.807%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Gate: live order book, 1 min ago.

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 Binance live order book, 11 min ago	0.65 bp	13.6 bp −$14	31.6 bp −$316	148.7 bp −$14.9K	doesn't fit
Sell Gate live order book, 1 min ago	0.53 bp	27.7 bp −$28	130.1 bp −$1,301	doesn't fit	doesn't fit

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
Binance XPDUSDTlong	0.0000%	4h	1,312.1	long leg	$3.8M	$4.4M	100x
Gate XPD_USDTshort	0.0000%	4h	1,311.7	−0.034%	$2.0M	$446K	100x
MEXC XPD_USDT	0.0000%	4h	1,311	−0.083%	$13.1M	$333K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,311.9	−0.020%	$543K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,309.7	−0.187%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.8	−0.026%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,309.7	−0.187%	—	—	—	as long as short
Aster XPDUSDT	+0.0014%	4h	1,310.5	−0.126%	$27K	$12K	20x	as long as short
edgeX XPDUSDC	+0.0017%	4h	1,312.4	+0.022%	$38K	$205K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,311.7	−0.032%	$404K	$155K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.576%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,309.3	−0.215%	$2.7M	$513K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0072%	8h	1,311.7	−0.032%	$314K	$473K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,310.1	−0.158%	$171K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0104%	4h	1,310	−0.161%	$5.0M	$217K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0514%	4h	1,311.2	−0.069%	$340K	$809K	25x	as long as short