Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate−0.009%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.179%−$18 · spread now −0.009%, 7d avg −0.046%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,320.5	0	get 0.0000% / 4h	3h 47m	$2.0M	$420K	100x
Short	MEXC XPD_USDT	1,320.4	0	get 0.0000% / 4h	3h 47m	$13.2M	$338K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.046%: $3.73
Slippage, 4 orders: −$56.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$67.6
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 1 min ago.

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 Gate live order book, 5 min ago	1.10 bp	25.5 bp −$25	136.4 bp −$1,364	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.75 bp	14.0 bp −$14	15.5 bp −$155	78.6 bp −$7,857	299.0 bp −$149.5K

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
BloFin XPD-USDT	−0.0043%	4h	1,322.6	+0.154%	$30K	$19K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,320.7	+0.013%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDTlong	0.0000%	4h	1,320.5	long leg	$2.0M	$420K	100x
MEXC XPD_USDTshort	0.0000%	4h	1,320.4	−0.009%	$13.2M	$338K	100x
Bitget XPDUSDT	0.0000%	4h	1,320.1	−0.030%	$5.1M	$220K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,321.6	+0.083%	$547K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,319.3	−0.097%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,322.1	+0.121%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,318.8	−0.129%	—	—	—	as long as short
edgeX XPDUSDC	+0.0008%	4h	1,321.5	+0.072%	$38K	$205K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0010%	4h	1,319.4	−0.084%	$27K	$12K	20x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0028%	1h	1,318.2	−0.176%	$2.7M	$523K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,320.3	−0.017%	$407K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+0.929%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,319.8	−0.052%	$172K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0129%	8h	1,321.2	+0.051%	$321K	$487K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0482%	4h	1,320.7	+0.010%	$340K	$915K	25x	as long as short