Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)+0.092%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 KuCoin

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 +$3 a day on $10k at the current rate, and KuCoin is 0.092% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 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	1,297.4	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	52m 46s	—	—	—
Short	KuCoin XPDUSDTM	1,298.6	0.0100	get 0.0050% / 4h	1h 52m	$169K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $19.4
Price spread: +0.092% → 0.000%: $9.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $6.57
Costs to cover: 0.220%
Break-even: 4.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 63 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 KuCoin live order book, 63 min ago	18.08 bp	107.1 bp −$107	654.5 bp −$6,545	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
Gate XPD_USDT	0.0000%	4h	1,298.9	+0.121%	$2.0M	$473K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,297.6	+0.014%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,298.6	+0.094%	$9K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,297.4	long leg	—	—	—
Lighter XPD	+0.0032%	1h	1,299.3	+0.149%	$400K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.731%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.5	−0.067%	$2.7M	$471K	20x	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,298.6	+0.092%	$169K	$7K	75x
Variational Omni XPD	+0.0168%	4h	1,299.6	+0.174%	$536K	$24K	—	as long as short
BloFin XPD-USDT	+0.0197%	4h	1,299.7	+0.177%	$30K	$20K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0257%	4h	1,298.6	+0.095%	$3.7M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0262%	4h	1,298.3	+0.069%	$13.1M	$268K	100x	as long as short
edgeX XPDUSDC	+0.0277%	4h	1,299.5	+0.163%	$37K	$205K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0335%	8h	1,299	+0.126%	$322K	$479K	50x	as long as short
Bitget XPDUSDT	+0.0502%	4h	1,298.3	+0.069%	$5.0M	$245K	100x	as long as short
Aster XPDUSDT	+0.0512%	4h	1,297.8	+0.030%	$26K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.0780%	4h	1,298.3	+0.075%	$338K	$704K	25x	as long as short