Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.015%

Price spread now: Bitget against gTrade (Gains Network)+0.138%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bitget

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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.138% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread 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	1,297.1	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	43m 54s	—	—	—
Short	Bitget XPDUSDT	1,298.9	0.0282	get 0.0141% / 4h	3h 43m	$5.0M	$240K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.138%Rate

Funding earned: $57.62
Price spread: +0.138% → 0.000%: $13.8
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $49.42
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 4 min ago. 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 Bitget live order book, 4 min ago	4.89 bp	15.9 bp −$16	42.2 bp −$422	doesn't fit	doesn't fit

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
Variational Omni XPD	0.0000%	4h	1,300	+0.221%	$536K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,296.7	−0.032%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,297.1	long leg	—	—	—
Lighter XPD	+0.0032%	1h	1,299.6	+0.193%	$401K	$158K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.752%	$16K	$20K	52x	as long as short
edgeX XPDUSDC	+0.0037%	4h	1,299.9	+0.217%	$37K	$206K	10x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.6	−0.039%	$2.7M	$492K	20x	as long as short
MEXC XPD_USDT	+0.0064%	4h	1,298.4	+0.097%	$13.1M	$269K	100x	as long as short
Binance XPDUSDT	+0.0069%	4h	1,299.5	+0.187%	$3.8M	$4.7M	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.1	+0.152%	$169K	$5K	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPD-USDT	+0.0100%	4h	1,301	+0.300%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0142%	8h	1,298.7	+0.123%	$321K	$473K	50x	as long as short
Gate XPD_USDT	+0.0152%	4h	1,299.4	+0.174%	$2.0M	$470K	100x	as long as short
Aster XPDUSDT	+0.0227%	4h	1,297.9	+0.061%	$26K	$5K	20x	as long as short
Bitget XPDUSDTshort	+0.0282%	4h	1,298.9	+0.138%	$5.0M	$240K	100x
HTX XPD-USDT	+0.0468%	4h	1,299.3	+0.170%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1338%	4h	1,299.6	+0.191%	$338K	$720K	25x	as long as short