Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin−0.063%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.063% cheaper against KuCoin than usual: you would sell low and buy high (−$6 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	KuCoin XPDUSDTM	1,310.6	0.0100	pay 0.0050% / 4h	2h 14m	$171K	$5K	75x
Short	gTrade (Gains Network) XPD/USD	1,309.7	L +0.0008% / S −0.0007%	get 0.0001% / 1h	14m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.063%Rate

Funding earned: −$19.45
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 15 min ago; 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 KuCoin live order book, 15 min ago	18.15 bp	95.2 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Binance XPDUSDT	0.0000%	4h	1,311.7	+0.086%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,311.9	+0.100%	$2.0M	$452K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,312	+0.111%	$13.1M	$334K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,312.3	+0.136%	$542K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,310	−0.045%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.7	+0.089%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USDshort	L +0.0008% / S −0.0007%	1h	1,309.7	−0.063%	—	—	—
edgeX XPDUSDC	+0.0010%	4h	1,312.1	+0.120%	$38K	$206K	10x	as long as short
Aster XPDUSDT	+0.0025%	4h	1,311.1	+0.040%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,312.2	+0.126%	$405K	$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	+1.698%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,309.7	−0.065%	$2.7M	$518K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0059%	8h	1,311.3	+0.057%	$315K	$471K	50x	as long as short
KuCoin XPDUSDTMlong	+0.0100%	4h	1,310.6	long leg	$171K	$5K	75x
Bitget XPDUSDT	+0.0112%	4h	1,311.5	+0.069%	$5.0M	$216K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0494%	4h	1,312.1	+0.115%	$340K	$803K	25x	as long as short