Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h 0.000%

Price spread now: gTrade (Gains Network) against BloFin−0.260%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.260% cheaper against BloFin than usual: you would sell low and buy high (−$26 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	BloFin XPD-USDT	1,297.7	0.0029	pay 0.0015% / 4h	32m 39s	$30K	$20K	100x
Short	gTrade (Gains Network) XPD/USD	1,294.3	L +0.0008% / S −0.0007%	get 0.0001% / 1h	32m 39s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.260%Rate

Funding earned: −$4.57
Price spread: −0.260% → 0.000%: −$25.97
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$52.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

BloFin and 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
edgeX XPDUSDC	−0.0014%	4h	1,299	+0.098%	$37K	$205K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,297.6	−0.012%	$3.7M	$4.9M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,297	−0.056%	$2.0M	$473K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,296.8	−0.071%	$13.1M	$270K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,298.2	+0.038%	$535K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,294.7	−0.229%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,297.2	−0.040%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USDshort	L +0.0008% / S −0.0007%	1h	1,294.3	−0.260%	—	—	—
BloFin XPD-USDTlong	+0.0029%	4h	1,297.7	long leg	$30K	$20K	100x
Lighter XPD	+0.0032%	1h	1,297.1	−0.046%	$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	+2.705%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,294.1	−0.277%	$2.7M	$480K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,295	−0.205%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0234%	4h	1,296.1	−0.125%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0235%	8h	1,296.4	−0.100%	$322K	$481K	50x	as long as short
Bitget XPDUSDT	+0.0432%	4h	1,296.8	−0.072%	$5.0M	$250K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0720%	4h	1,298.6	+0.067%	$337K	$675K	25x	as long as short