Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.069%

Price spread now: Pacifica against Binance−0.064%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.064% cheaper against Binance than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPTUSDT	1,795.1	0.0060	pay 0.0030% / 4h	3h 11m	$4.6M	$5.6M	100x
Short	Pacifica PLATINUM	1,793.9	0.0100	get 0.0013% / 1h	11m 31s	$13K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.064%Rate

Funding earned: $8.37
Price spread: −0.064% → 0.000%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$16.07
Costs to cover: 0.180%
Break-even: 20.4 days

Slippage unknown: Binance: live order book, 11 min ago; Pacifica: 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 Binance live order book, 11 min ago	0.73 bp	9.9 bp −$10	23.3 bp −$233	115.6 bp −$11.6K	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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.

XPT on 21 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
Variational Omni XPT	0.0000%	4h	1,793.3	−0.097%	$240K	$213K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,795.2	+0.009%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,793.5	−0.085%	$230	—	150x	as long as short
Aster XPTUSDT	+0.0019%	4h	1,794.7	−0.021%	$14K	$10K	20x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.5	−0.142%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,793.8	−0.070%	$3.4M	$1.1M	20x	as long as short
Binance XPTUSDTlong	+0.0060%	4h	1,795.1	long leg	$4.6M	$5.6M	100x
MEXC XPT_USDT	+0.0070%	4h	1,795.3	+0.011%	$23.3M	$659K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0070%	4h	1,793.6	−0.080%	$205K	$774K	25x	as long as short
Gate XPT_USDT	+0.0078%	4h	1,795.5	+0.025%	$659K	$567K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPTUSDC	+0.0083%	4h	1,792.5	−0.144%	$39K	$283K	10x	as long as short
BloFin XPT-USDT	+0.0089%	4h	1,795.3	+0.011%	$100K	$72K	100x	as long as short
Pacifica PLATINUMshort	+0.0100%	1h	1,793.9	−0.064%	$13K	$33K	10x
KuCoin XPTUSDTM	+0.0100%	4h	1,794.3	−0.044%	$236K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0141%	8h	1,795.4	+0.020%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0176%	1h	1,794.6	−0.027%	$305	—	10x	as long as short
Bitget XPTUSDT	+0.0190%	4h	1,794.6	−0.024%	$1.3M	$597K	100x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+0.291%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0232%	1h	1,796.1	+0.058%	$358K	$49K	20x	as long as short
Extended XPT-USD	+0.0376%	1h	1,792.7	−0.131%	$155K	$748K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0789%	8h	1,795	−0.003%	$930K	$1.0M	50x	as long as short