Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against KuCoin−0.297%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and gTrade (Gains Network) is 0.297% cheaper against KuCoin than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPTUSDTM	1,799.5	0.0576	pay 0.0288% / 4h	1h 02m	$201K	$17K	75x
Short	gTrade (Gains Network) XPT/USD	1,794.2	L +0.0006% / S −0.0006%	get 0.0001% / 1h	2m 26s	$230	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.297%Rate

Funding earned: −$119.71
Price spread: −0.297% → 0.000%: −$29.67
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$171.38
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 18 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 KuCoin live order book, 18 min ago	4.43 bp	15.7 bp −$16	212.7 bp −$2,127	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.

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,799	−0.030%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,794.2	−0.297%	$230	—	150x
Vest PL-PERP	+0.0046%	1h	1,794.8	−0.262%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.7	−0.156%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.1	−0.077%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.163%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0398%	4h	1,798.9	−0.035%	$638K	$438K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0479%	1h	1,796.1	−0.190%	$3.6M	$979K	20x	as long as short
KuCoin XPTUSDTMlong	+0.0576%	4h	1,799.5	long leg	$201K	$17K	75x
Aster XPTUSDT	+0.0660%	4h	1,796.4	−0.175%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0671%	4h	1,798.3	−0.066%	$280K	$215K	—	as long as short
Paradex XPT-USD-PERP	+0.0690%	8h	1,798.1	−0.079%	$3K	—	5x	as long as short
MEXC XPT_USDT	+0.0736%	4h	1,797.7	−0.099%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0737%	4h	1,798	−0.083%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0743%	4h	1,798.5	−0.056%	$39K	$283K	10x	as long as short
Extended XPT-USD	+0.0776%	1h	1,794.3	−0.292%	$204K	$619K	10x	as long as short
BloFin XPT-USDT	+0.0793%	4h	1,797.6	−0.104%	$89K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0836%	4h	1,797.3	−0.124%	$1.3M	$389K	100x	as long as short
Lighter XPT	+0.0872%	1h	1,799.2	−0.018%	$355K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0888%	8h	1,798.8	−0.040%	$938K	$562K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1154%	4h	1,797.5	−0.114%	$205K	$829K	25x	as long as short