Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h +0.004%

Price spread now: Aster against gTrade (Gains Network)−0.114%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.114% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$11 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	gTrade (Gains Network) XPD/USD	1,308.2	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	51m 50s	—	—	—
Short	Aster XPDUSDT	1,306.7	0	get 0.0000% / 4h	1h 51m	$27K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$1.6
Price spread: −0.114% → 0.000%: −$11.36
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.96
Costs to cover: 0.180%
Break-even: never at this rate

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

gTrade (Gains Network) and Aster: 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 16 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	−0.0176%	1h	1,306	−0.165%	$2.7M	$518K	20x	as long as short
Aster XPDUSDTshort	0.0000%	4h	1,306.7	−0.114%	$27K	$5K	20x
Binance XPDUSDT	0.0000%	4h	1,307.9	−0.020%	$3.7M	$4.5M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,307.7	−0.035%	$2.0M	$449K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,307.9	−0.023%	$13.2M	$264K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,309.3	+0.089%	$541K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,308.3	+0.008%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,307.9	−0.018%	$9K	$33K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0004%	8h	1,308.6	+0.034%	$316K	$469K	50x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,308.2	long leg	—	—	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XPDUSDT	+0.0016%	4h	1,307.1	−0.081%	$5.0M	$218K	100x	as long as short
edgeX XPDUSDC	+0.0018%	4h	1,309.5	+0.103%	$38K	$205K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,307.4	−0.058%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.884%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,306.5	−0.124%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0258%	4h	1,309.3	+0.088%	$339K	$777K	25x	as long as short