Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)+0.211%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

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and KuCoin is 0.211% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$21 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) XPT/USD	1,798.1	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	21m 55s	$231	—	150x
Short	KuCoin XPTUSDTM	1,801.9	0.0432	get 0.0216% / 4h	1h 21m	$201K	$17K	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 +0.211%Rate

Funding earned: $89.41
Price spread: +0.211% → 0.000%: $21.13
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: $88.54
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 73 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, 73 min ago	8.74 bp	23.6 bp −$24	194.7 bp −$1,947	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.

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,802.2	+0.232%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDlong	L +0.0006% / S −0.0006%	1h	1,798.1	long leg	$231	—	150x
Vest PL-PERP	+0.0046%	1h	1,799.2	+0.063%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,798.8	+0.040%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,801.8	+0.210%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+0.999%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0394%	4h	1,803.1	+0.281%	$639K	$433K	100x	as long as short
KuCoin XPTUSDTMshort	+0.0432%	4h	1,801.9	+0.211%	$201K	$17K	75x
tradeXYZ xyz:PLATINUM	+0.0469%	1h	1,800.2	+0.119%	$3.6M	$977K	20x	as long as short
Aster XPTUSDT	+0.0598%	4h	1,800	+0.110%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0608%	4h	1,800.8	+0.152%	$280K	$226K	—	as long as short
Paradex XPT-USD-PERP	+0.0631%	8h	1,802.4	+0.239%	$3K	—	5x	as long as short
BloFin XPT-USDT	+0.0646%	4h	1,802.3	+0.234%	$85K	$68K	100x	as long as short
MEXC XPT_USDT	+0.0664%	4h	1,799.5	+0.081%	$23.7M	$656K	100x	as long as short
Binance XPTUSDT	+0.0671%	4h	1,802.4	+0.243%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0674%	4h	1,801.4	+0.187%	$39K	$282K	10x	as long as short
Extended XPT-USD	+0.0704%	1h	1,798.3	+0.012%	$204K	$620K	10x	as long as short
Bitget XPTUSDT	+0.0760%	4h	1,800.9	+0.158%	$1.3M	$392K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0826%	8h	1,803.2	+0.286%	$918K	$545K	50x	as long as short
Lighter XPT	+0.0832%	1h	1,802.8	+0.264%	$356K	$15K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1118%	4h	1,800.9	+0.161%	$205K	$841K	25x	as long as short