Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h −0.002%

Price spread now: Gate against gTrade (Gains Network)+0.156%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Gate

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.156% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPD/USD	1,299.4	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	50m 40s	—	—	—
Short	Gate XPD_USDT	1,301.4	0.0128	get 0.0064% / 4h	2h 50m	$2.0M	$470K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.156%Rate

Funding earned: $25.28
Price spread: +0.156% → 0.000%: $15.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $15.9
Costs to cover: 0.250%
Break-even: 2.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.88 bp	29.4 bp −$29	131.3 bp −$1,313	doesn't fit	doesn't fit

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 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-USDT	0.0000%	4h	1,298.7	−0.049%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,299.4	long leg	—	—	—
Lighter XPD	+0.0032%	1h	1,301.7	+0.179%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.573%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299	−0.028%	$2.7M	$472K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.3	−0.004%	$169K	$6K	75x	as long as short
Gate XPD_USDTshort	+0.0128%	4h	1,301.4	+0.156%	$2.0M	$470K	100x
Variational Omni XPD	+0.0228%	4h	1,301.3	+0.145%	$537K	$24K	—	as long as short
OKX XPD-USDT-SWAP	+0.0309%	8h	1,301.6	+0.172%	$322K	$473K	50x	as long as short
edgeX XPDUSDC	+0.0344%	4h	1,300.2	+0.064%	$37K	$205K	10x	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	+0.0362%	4h	1,299.2	−0.011%	$13.1M	$268K	100x	as long as short
Binance XPDUSDT	+0.0363%	4h	1,301.5	+0.163%	$3.8M	$4.7M	100x	as long as short
BloFin XPD-USDT	+0.0416%	4h	1,302.3	+0.222%	$30K	$20K	100x	as long as short
HTX XPD-USDT	+0.0446%	4h	1,301.1	+0.136%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0532%	4h	1,299.4	+0.005%	$5.0M	$242K	100x	as long as short
Aster XPDUSDT	+0.0604%	4h	1,300.4	+0.076%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1254%	4h	1,300.2	+0.065%	$336K	$718K	25x	as long as short