Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h +0.002%

Price spread now: gTrade (Gains Network) against Gate−0.139%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.139% cheaper against Gate than usual: you would sell low and buy high (−$14 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	Gate XPD_USDT	1,299.6	0.0100	pay 0.0050% / 4h	3h 06m	$2.0M	$477K	100x
Short	gTrade (Gains Network) XPD/USD	1,297.8	L +0.0008% / S −0.0007%	get 0.0001% / 1h	6m 25s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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 GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.139%Rate

Funding earned: −$19.45
Price spread: −0.139% → 0.000%: −$13.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$58.38
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	0.35 bp	26.6 bp −$27	151.8 bp −$1,518	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
SunX XPD-USDT	0.0000%	4h	1,296.8	−0.214%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USDshort	L +0.0008% / S −0.0007%	1h	1,297.8	−0.139%	—	—	—
Lighter XPD	+0.0032%	1h	1,300.2	+0.045%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.553%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,297.4	−0.171%	$2.7M	$470K	20x	as long as short
Gate XPD_USDTlong	+0.0100%	4h	1,299.6	long leg	$2.0M	$477K	100x
KuCoin XPDUSDTM	+0.0100%	4h	1,300.1	+0.033%	$169K	$6K	75x	as long as short
Variational Omni XPD	+0.0136%	4h	1,299.6	+0.002%	$536K	$24K	—	as long as short
OKX XPD-USDT-SWAP	+0.0268%	8h	1,299.2	−0.032%	$321K	$471K	50x	as long as short
edgeX XPDUSDC	+0.0269%	4h	1,299.5	−0.010%	$37K	$205K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0290%	4h	1,298.7	−0.074%	$13.1M	$271K	100x	as long as short
BloFin XPD-USDT	+0.0292%	4h	1,299.7	+0.004%	$30K	$20K	100x	as long as short
Binance XPDUSDT	+0.0296%	4h	1,299.7	+0.006%	$3.8M	$4.7M	100x	as long as short
Bitget XPDUSDT	+0.0472%	4h	1,299.1	−0.044%	$5.0M	$241K	100x	as long as short
Aster XPDUSDT	+0.0505%	4h	1,298.9	−0.052%	$26K	$5K	20x	as long as short
HTX XPD-USDT	+0.0506%	4h	1,299.2	−0.030%	$10K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1294%	4h	1,299.3	−0.028%	$338K	$715K	25x	as long as short