Gate.io vs trade.xyz Funding Arbitrage
59 shared markets · net of estimated fees · updated every few minutesGate.io and trade.xyz both quote 59 of the same perpetual markets, so a delta-neutral position can be split across the two and collect the difference in their funding. The widest spread on a market with real depth is UNITREE — long trade.xyz / short Gate.io at 300.5% net APR — but the median across all shared markets is 18.9%, which is the number worth planning around.
The long leg is whichever venue prices funding lower for that market. It is a property of the MARKET, not of the exchange, and it flips as rates move: here 23 markets go long on Gate.io and 36 on trade.xyz. 42 markets clear 5% net APR, 39 clear 10%.
How this pair behaves
Gate.io pays funding every 8h on 231 markets and every 4h on 201 markets; trade.xyz pays every 1h on 92 markets. The two clocks differ, so one leg settles while the other is still accruing: a position held for only a few hours can pay one side without ever collecting from the other. Gate.io quotes 434 perpetual markets in total and trade.xyz quotes 92; the 59 they share are what this page ranks. Across its own book Gate.io runs a median funding rate of 6.1% and trade.xyz 1.9%, so the edge here comes from individual markets rather than from a standing gap between the venues.
Spreads by market
top 25 of 59 by net APR| Market | Long | Short | Net APR | Gross | 7d avg | Thin leg vol |
|---|---|---|---|---|---|---|
| UNITREE | trade.xyz | Gate.io | 300.5% | 305.0% | -45.5% | $7.7M |
| KSTR | trade.xyz | Gate.io | 215.7% | 234.1% | -33.7% | $60K |
| SOXL | trade.xyz | Gate.io | 162.2% | 165.5% | -12.8% | $147.9M |
| TWST | trade.xyz | Gate.io | 127.3% | 190.7% | -9.6% | $17K |
| HYUNDAI | Gate.io | trade.xyz | 96.1% | 103.0% | +18.6% | $822K |
| BMNR | Gate.io | trade.xyz | 93.7% | 101.3% | +16.7% | $333K |
| BOT | Gate.io | trade.xyz | 89.2% | 102.1% | +3.9% | $408K |
| CXMT | Gate.io | trade.xyz | 64.9% | 68.9% | -23.2% | $15.3M |
| MRVL | trade.xyz | Gate.io | 64.8% | 68.3% | -15.6% | $4.9M |
| ORCL | trade.xyz | Gate.io | 63.9% | 67.6% | -2.4% | $1.9M |
| SKHY | Gate.io | trade.xyz | 59.9% | 63.6% | -5.1% | $29.7M |
| ZM | Gate.io | trade.xyz | 57.4% | 65.0% | +5.2% | $148K |
| GIGADEV | Gate.io | trade.xyz | 56.7% | 66.7% | +14.9% | $68K |
| SMH | trade.xyz | Gate.io | 48.8% | 55.6% | -14.6% | $19K |
| GLW | trade.xyz | Gate.io | 48.3% | 59.2% | -14.6% | $53K |
| NET | Gate.io | trade.xyz | 47.9% | 56.1% | +23.4% | $11K |
| BE | trade.xyz | Gate.io | 46.9% | 51.4% | -10.6% | $4.6M |
| ASML | trade.xyz | Gate.io | 35.5% | 39.7% | -10.4% | $409K |
| DKNG | trade.xyz | Gate.io | 34.8% | 43.3% | -7.4% | $26K |
| MSFT | trade.xyz | Gate.io | 32.9% | 36.3% | — | $3.6M |
| NOK | trade.xyz | Gate.io | 29.3% | 38.8% | +16.3% | $277K |
| AVGO | trade.xyz | Gate.io | 28.7% | 32.7% | -16.7% | $2.1M |
| AAOI | trade.xyz | Gate.io | 26.4% | 30.5% | -19.4% | $3.5M |
| ARM | trade.xyz | Gate.io | 24.9% | 28.5% | -6.7% | $2.0M |
| XCU | trade.xyz | Gate.io | 24.8% | 28.7% | +16.1% | $90K |
Net APR subtracts entry and exit fees, both legs' bid/ask spread and estimated slippage from the gross funding spread. The 7-day average is historical gross funding for the same pair: a current rate close to it suggests the spread has persisted, one far above it is usually a spike that will decay.
Gate.io vs trade.xyz — FAQ
How many markets can you arbitrage between Gate.io and trade.xyz?
59 perpetual markets are quoted on both Gate.io and trade.xyz right now. 42 of them show a net spread of at least 5% APR after estimated fees, and 37 have at least $1M of 24h volume on the smaller leg.
What is the best Gate.io / trade.xyz funding spread right now?
UNITREE: long trade.xyz and short Gate.io for about 300.5% net APR after estimated fees, counting only markets with at least $1M of 24h volume on the smaller leg. The median across all 59 shared markets is 18.9%, so the top of the list is not typical.
Which side pays on the Gate.io / trade.xyz pair?
It varies by market: Gate.io is the long (funding-receiving) leg in 23 of the shared markets and trade.xyz in the other 36. The direction is set per market by which venue currently prices funding lower.
Trading the Gate.io / trade.xyz spread
The trade is one position split across two venues: long the exchange paying the more negative funding, short the one paying the more positive, in the same size. What limits it is not the headline APR but the smaller leg's liquidity, the fees on both sides, and how long the spread survives — funding decays and flips, often within hours. Venue detail: Gate.io funding rates · trade.xyz funding rates; the full calculation is in the methodology.