Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.005%

Price spread now: gTrade (Gains Network) against edgeX−0.113%68s7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.113% cheaper against edgeX than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPDUSDC	1,314.6	0.0002	pay 0.0001% / 4h	3h 22m	$38K	$205K	10x
Short	gTrade (Gains Network) XPD/USD	1,313.1	L +0.0008% / S −0.0007%	get 0.0001% / 1h	22m 24s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.113%Rate

Funding earned: $1.11
Price spread: −0.113% → 0.000%: −$11.34
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.23
Costs to cover: 0.190%
Break-even: 191.6 days

Slippage unknown: edgeX: live order book, 49 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 edgeX live order book, 49 min ago	8.13 bp	13.6 bp −$14	125.9 bp −$1,259	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 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	−0.0015%	4h	1,313.9	−0.053%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315	+0.030%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,314.9	+0.019%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.7	+0.003%	$13.2M	$340K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	−0.005%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,313	−0.125%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,313.9	−0.052%	$10K	$33K	20x	as long as short
edgeX XPDUSDClong	+0.0002%	4h	1,314.6	long leg	$38K	$205K	10x
gTrade (Gains Network) XPD/USDshort	L +0.0008% / S −0.0007%	1h	1,313.1	−0.113%	—	—	—
Bitget XPDUSDT	+0.0024%	4h	1,314.1	−0.037%	$5.0M	$221K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0031%	4h	1,314.2	−0.031%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,315.5	+0.068%	$405K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.384%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,312.9	−0.130%	$2.7M	$517K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	−0.017%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0115%	8h	1,315.2	+0.045%	$324K	$478K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0692%	4h	1,314.2	−0.031%	$340K	$881K	25x	as long as short