Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.012%

Price spread now: OKX against gTrade (Gains Network)+0.131%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 OKX

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 +$7 a day on $10k at the current rate, and OKX is 0.131% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 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	1,292.7	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	49m 50s	—	—	—
Short	OKX XPD-USDT-SWAP	1,294.4	0.0248	get 0.0248% / 8h	49m 50s	$322K	$477K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $50.47
Price spread: +0.131% → 0.000%: $13.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $43.55
Costs to cover: 0.200%
Break-even: 1.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 51 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 OKX live order book, 51 min ago	0.77 bp	19.0 bp −$19	79.0 bp −$790	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
BloFin XPD-USDT	−0.0016%	4h	1,295.4	+0.209%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	−0.0003%	4h	1,295.7	+0.229%	$37K	$205K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,295.2	+0.194%	$3.7M	$4.8M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,295.3	+0.202%	$2.0M	$464K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,294.9	+0.166%	$13.0M	$266K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,295	+0.181%	$534K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,293	+0.025%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294.8	+0.161%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,292.7	long leg	—	—	—
Lighter XPD	+0.0032%	1h	1,294.8	+0.162%	$399K	$160K	20x	as long as short

Show all 17 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	+3.101%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,293.2	+0.038%	$2.7M	$423K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,293.7	+0.073%	$168K	$7K	75x	as long as short
OKX XPD-USDT-SWAPshort	+0.0248%	8h	1,294.4	+0.131%	$322K	$477K	50x
Aster XPDUSDT	+0.0258%	4h	1,294.7	+0.157%	$27K	$6K	20x	as long as short
Bitget XPDUSDT	+0.0426%	4h	1,294.9	+0.166%	$5.0M	$250K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0702%	4h	1,296.8	+0.316%	$336K	$684K	25x	as long as short