Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)+0.006%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 KuCoin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPD/USD	1,309.3	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	13m 25s	—	—	—
Short	KuCoin XPDUSDTM	1,309.4	0.0100	get 0.0050% / 4h	2h 13m	$171K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.006%Rate

Funding earned: $19.4
Price spread: +0.006% → 0.000%: $0.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.99
Costs to cover: 0.220%
Break-even: 7.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 16 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 KuCoin live order book, 16 min ago	18.15 bp	98.3 bp −$98	492.1 bp −$4,921	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 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
edgeX XPDUSDC	−0.0008%	4h	1,312.6	+0.256%	$38K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,311.1	+0.141%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,311	+0.134%	$2.0M	$453K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,310.7	+0.108%	$13.1M	$334K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,312.3	+0.233%	$542K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,310	+0.052%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.7	+0.186%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,309.3	long leg	—	—	—
Aster XPDUSDT	+0.0024%	4h	1,310.1	+0.063%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,311.8	+0.192%	$404K	$155K	20x	as long as short

Show all 16 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	+1.796%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,308.9	−0.029%	$2.7M	$518K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0058%	8h	1,310.2	+0.070%	$319K	$475K	50x	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,309.4	+0.006%	$171K	$5K	75x
Bitget XPDUSDT	+0.0114%	4h	1,310.3	+0.079%	$5.0M	$216K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0490%	4h	1,311.6	+0.178%	$340K	$787K	25x	as long as short