Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.005%

Price spread now: Gate against tradeXYZ+0.204%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.204%, 7d avg +0.173%

Together, before fees−0.169%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.031% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.173%. Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,299.1	0.0050	pay 0.0006% / 1h	48m 13s	$2.7M	$472K	20x
Short	Gate XPD_USDT	1,301.8	0.0124	get 0.0062% / 4h	2h 48m	$2.0M	$470K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.204%Rate

Funding earned: $15.54
Price spread: +0.204% → +0.173%: $3.12
Slippage, 4 orders: −$49.83
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.17
Costs to cover: 0.828%
Break-even: 35.9 days

Slippage from tradeXYZ: live order book, 10 min ago; Gate: live order book, 4 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 tradeXYZ live order book, 10 min ago	1.54 bp	11.2 bp −$11	25.5 bp −$255	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.88 bp	29.4 bp −$29	131.3 bp −$1,313	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
SunX XPD-USDT	0.0000%	4h	1,299.2	+0.008%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.8	+0.055%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.9	+0.216%	$402K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.594%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,299.1	long leg	$2.7M	$472K	20x
KuCoin XPDUSDTM	+0.0100%	4h	1,300.6	+0.115%	$169K	$6K	75x	as long as short
Gate XPD_USDTshort	+0.0124%	4h	1,301.8	+0.204%	$2.0M	$470K	100x
Variational Omni XPD	+0.0228%	4h	1,301.3	+0.166%	$537K	$24K	—	as long as short
OKX XPD-USDT-SWAP	+0.0319%	8h	1,301.5	+0.185%	$322K	$473K	50x	as long as short
edgeX XPDUSDC	+0.0344%	4h	1,300.2	+0.085%	$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	1,299.5	+0.028%	$13.1M	$268K	100x	as long as short
Binance XPDUSDT	+0.0364%	4h	1,301.9	+0.214%	$3.8M	$4.7M	100x	as long as short
BloFin XPD-USDT	+0.0374%	4h	1,301.8	+0.205%	$30K	$20K	100x	as long as short
HTX XPD-USDT	+0.0435%	4h	1,301.1	+0.155%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0536%	4h	1,299.7	+0.047%	$5.0M	$242K	100x	as long as short
Aster XPDUSDT	+0.0610%	4h	1,300.6	+0.118%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1246%	4h	1,301.2	+0.165%	$336K	$718K	25x	as long as short