Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)−0.059%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. KuCoin is 0.059% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XPD/USD	1,315.7	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	59m 01s	—	—	—
Short	KuCoin XPDUSDTM	1,314.9	0.0100	get 0.0050% / 4h	2h 59m	$171K	$5K	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 −0.059%Rate

Funding earned: $19.4
Price spread: −0.059% → 0.000%: −$5.85
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: −$8.46
Costs to cover: 0.220%
Break-even: 10.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 45 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, 45 min ago	19.10 bp	125.3 bp −$125	525.2 bp −$5,252	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.

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
edgeX XPDUSDC	−0.0020%	4h	1,316.5	+0.060%	$38K	$206K	10x	as long as short
BloFin XPD-USDT	−0.0010%	4h	1,317.4	+0.131%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315.9	+0.017%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.9	+0.091%	$2.0M	$424K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316.5	+0.063%	$13.2M	$331K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.2	+0.036%	$545K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315	−0.057%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,317.2	+0.113%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USDlong	L +0.0008% / S −0.0007%	1h	1,315.7	long leg	—	—	—
Aster XPDUSDT	+0.0016%	4h	1,317.2	+0.111%	$27K	$12K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,317	+0.099%	$406K	$154K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.300%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0038%	4h	1,315.4	−0.024%	$5.0M	$220K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,314.2	−0.114%	$2.7M	$515K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0095%	8h	1,316.7	+0.076%	$320K	$484K	50x	as long as short
KuCoin XPDUSDTMshort	+0.0100%	4h	1,314.9	−0.059%	$171K	$5K	75x
GRVT XPD_USDT_Perp	+0.0516%	4h	1,316.4	+0.055%	$341K	$849K	25x	as long as short