Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.002%

Price spread now: gTrade (Gains Network) against Gate−0.143%7-day average — · you buy dearer than you sell

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

Long on Gate Short on gTrade (Gains Network)

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.143% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it 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	Gate XPD_USDT	1,295.6	0	get 0.0000% / 4h	1h 05m	$2.0M	$482K	100x
Short	gTrade (Gains Network) XPD/USD	1,293.8	L +0.0008% / S −0.0007%	get 0.0001% / 1h	5m 51s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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 GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.143%Rate

Funding earned: $1.55
Price spread: −0.143% → 0.000%: −$14.28
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.73
Costs to cover: 0.250%
Break-even: 177.9 days

Slippage unknown: Gate: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 Gate live order book, 2 min ago	1.58 bp	25.5 bp −$26	135.3 bp −$1,353	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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_USDTlong	0.0000%	4h	1,295.6	long leg	$2.0M	$482K	100x
Variational Omni XPD	0.0000%	4h	1,297.2	+0.120%	$535K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,293.7	−0.149%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,296.8	+0.094%	$9K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USDshort	L +0.0008% / S −0.0007%	1h	1,293.8	−0.143%	—	—	—
Lighter XPD	+0.0032%	1h	1,295.6	0.000%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.871%	$16K	$20K	52x	as long as short
Binance XPDUSDT	+0.0047%	4h	1,295.6	+0.001%	$3.7M	$4.8M	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,293.6	−0.154%	$2.7M	$435K	20x	as long as short
MEXC XPD_USDT	+0.0050%	4h	1,295.4	−0.019%	$13.0M	$272K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPD-USDT	+0.0070%	4h	1,296.5	+0.072%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	+0.0077%	4h	1,297.5	+0.146%	$37K	$205K	10x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,295.3	−0.025%	$168K	$7K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0271%	8h	1,295.4	−0.015%	$322K	$475K	50x	as long as short
Aster XPDUSDT	+0.0317%	4h	1,295.6	+0.004%	$27K	$6K	20x	as long as short
Bitget XPDUSDT	+0.0448%	4h	1,295	−0.049%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0708%	4h	1,297	+0.108%	$336K	$692K	25x	as long as short