Funding you earn now, next payment 00:00 UTC−0.0191%/8h= −20.9% APRnext payment −$0.95 per $10,000 · paid last 24h −0.016%
Price spread now: Gate against Binance+0.026%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 2 days (all we have)−0.027%−$3 · spread now +0.026%, 7d avg +0.003%
=The price spread pays, funding is against you. Gate is 0.023% dearer against Binance than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of +0.003%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.030% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XPDUSDT | 1,315.9 | 0.0191 | pay 0.0095% / 4h | 1h 49m | $3.8M | $4.2M | 100x |
| Short | Gate XPD_USDT | 1,316.3 | 0 | get 0.0000% / 4h | 1h 49m | $2.0M | $408K | 100x |
Binance XPDUSDT
Gate XPD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.03
- Price spread: +0.026% → +0.003%
- $2.31
- Slippage, 4 orders
- −$61.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$124.35
- Costs to cover
- 0.866%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, 3 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 Binance live order book, 3 min ago | 0.46 bp | 17.1 bp −$17 | 38.4 bp −$384 | 152.6 bp −$15.3K | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.94 bp | 26.5 bp −$26 | 130.7 bp −$1,307 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPD_USDTshort | 0.0000% | 4h | 1,316.3 | +0.026% | $2.0M | $408K | 100x | |
| SunX XPD-USDT | 0.0000% | 4h | 1,314.1 | −0.144% | — | $1.9M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,315.7 | −0.022% | $10K | $33K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,313.3 | −0.199% | — | — | — | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +1.281% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,313.5 | −0.185% | $2.7M | $531K | 20x | as long as short |
| Lighter XPD | +0.0064% | 1h | 1,316.9 | +0.073% | $401K | $147K | 20x | as long as short |
| Variational Omni XPD | +0.0100% | 4h | 1,315.8 | −0.011% | $541K | $14K | — | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,314.4 | −0.115% | $171K | $4K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0154% | 8h | 1,316.1 | +0.012% | $322K | $486K | 50x | as long as short |
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
Lighter XPD
Variational Omni XPD
KuCoin XPDUSDTM
OKX XPD-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XPDUSDTlong | +0.0191% | 4h | 1,315.9 | long leg | $3.8M | $4.2M | 100x | |
| MEXC XPD_USDT | +0.0196% | 4h | 1,316 | +0.002% | $13.2M | $337K | 100x | as long as short |
| edgeX XPDUSDC | +0.0210% | 4h | 1,315.6 | −0.023% | $38K | $206K | 10x | as long as short |
| BloFin XPD-USDT | +0.0216% | 4h | 1,315.6 | −0.024% | $30K | $19K | 100x | as long as short |
| Bitget XPDUSDT | +0.0280% | 4h | 1,315.4 | −0.039% | $5.0M | $218K | 100x | as long as short |
| Aster XPDUSDT | +0.0361% | 4h | 1,316 | +0.002% | $27K | $12K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.0704% | 4h | 1,315.5 | −0.034% | $338K | $1.0M | 25x | as long as short |
MEXC XPD_USDT
edgeX XPDUSDC
BloFin XPD-USDT
Bitget XPDUSDT
Aster XPDUSDT
GRVT XPD_USDT_Perp