Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.070%

Price spread now: GRVT against Gate+0.081%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.385%+$38 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.081%, 7d avg −0.043%

Together, before fees+0.191%+ Points / potential airdropGRVT: Active · farm board+$19 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: GRVT is 0.123% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,290.8	0	get 0.0000% / 4h	3h 57m	$2.0M	$473K	100x
Short	GRVT XPD_USDT_Perp	1,291.8	0	get 0.0000% / 4h	3h 57m	$335K	$668K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.043%: $12.34
Slippage, 4 orders: −$65.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$77.65
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; GRVT: 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 Gate live order book, 5 min ago	0.04 bp	30.2 bp −$30	139.4 bp −$1,394	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.05 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit

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
tradeXYZ xyz:PALLADIUM	−0.0420%	1h	1,287.9	−0.222%	$2.6M	$545K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,291.2	+0.031%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDTlong	0.0000%	4h	1,290.8	long leg	$2.0M	$473K	100x
MEXC XPD_USDT	0.0000%	4h	1,290.4	−0.026%	$12.9M	$282K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,292.2	+0.109%	$530K	$28K	—	as long as short
GRVT XPD_USDT_Perpshort	0.0000%	4h	1,291.8	+0.081%	$335K	$668K	25x
SunX XPD-USDT	0.0000%	4h	1,288.6	−0.165%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,291.9	+0.090%	$10K	$35K	20x	as long as short
BloFin XPD-USDT	+0.0001%	4h	1,291	+0.019%	$31K	$21K	100x	as long as short
edgeX XPDUSDC	+0.0005%	4h	1,292.9	+0.165%	$37K	$207K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,289.3	−0.115%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,290.7	−0.005%	$397K	$161K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.256%	$16K	$20K	52x	as long as short
Aster XPDUSDT	+0.0079%	4h	1,290	−0.059%	$27K	$6K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,290.4	−0.029%	$168K	$7K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0164%	8h	1,290.8	+0.002%	$326K	$490K	50x	as long as short
Bitget XPDUSDT	+0.0338%	4h	1,290.2	−0.044%	$5.0M	$257K	100x	as long as short