Funding you earn now, next payment 04:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.51 per $10,000 · paid last 24h −0.031%
Price spread now: Binance against Bitget+0.002%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 2 days (all we have)+0.026%+$3 · spread now +0.002%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XPTUSDT | 1,813.8 | 0.0392 | pay 0.0196% / 4h | 3h 12m | $1.2M | $357K | 100x |
| Short | Binance XPTUSDT | 1,813.8 | 0.0291 | get 0.0145% / 4h | 3h 12m | $4.2M | $4.0M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.26
- Price spread: +0.002% → +0.030%
- −$2.82
- Slippage, 4 orders
- −$21.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.31
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 10 min ago.
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 Bitget live order book, 4 min ago | 3.01 bp | 11.2 bp −$11 | 31.0 bp −$310 | 111.1 bp −$11.1K | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.03 bp | 9.8 bp −$10 | 21.8 bp −$218 | 108.0 bp −$10.8K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,813.1 | −0.040% | $11K | $36K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,811.5 | −0.126% | $232 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,812.2 | −0.088% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,810.9 | −0.159% | $17K | $25K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,814.3 | +0.025% | $202K | $19K | 75x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,813.8 | −0.002% | $308 | — | 10x | as long as short |
| Extended XPT-USD | +0.0112% | 1h | 1,811.7 | −0.116% | $206K | $537K | 10x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0147% | 1h | 1,812 | −0.099% | $3.6M | $1.1M | 20x | as long as short |
| Gate XPT_USDT | +0.0198% | 4h | 1,813.5 | −0.015% | $641K | $406K | 100x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,831.8 | +0.990% | $6K | $34K | 52x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPT | +0.0237% | 4h | 1,812.7 | −0.063% | $287K | $326K | — | as long as short |
| BloFin XPT-USDT | +0.0248% | 4h | 1,813.7 | −0.006% | $85K | $64K | 100x | as long as short |
| Binance XPTUSDTshort | +0.0291% | 4h | 1,813.8 | +0.002% | $4.2M | $4.0M | 100x | |
| MEXC XPT_USDT | +0.0292% | 4h | 1,813.5 | −0.015% | $23.9M | $672K | 100x | as long as short |
| edgeX XPTUSDC | +0.0294% | 4h | 1,812.7 | −0.063% | $40K | $284K | 10x | as long as short |
| Aster XPTUSDT | +0.0318% | 4h | 1,812.9 | −0.050% | $15K | $12K | 20x | as long as short |
| Paradex XPT-USD-PERP | +0.0353% | 8h | 1,813.6 | −0.013% | $3K | — | 5x | as long as short |
| Bitget XPTUSDTlong | +0.0392% | 4h | 1,813.8 | long leg | $1.2M | $357K | 100x | |
| Lighter XPT | +0.0448% | 1h | 1,814.8 | +0.055% | $359K | $16K | 20x | as long as short |
| OKX XPT-USDT-SWAP | +0.0699% | 8h | 1,814.2 | +0.022% | $908K | $538K | 50x | as long as short |
| GRVT XPT_USDT_Perp | +0.0742% | 4h | 1,813.2 | −0.034% | $208K | $1.0M | 25x | as long as short |
Bitget XPTUSDT
Binance XPTUSDT
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Pacifica PLATINUM
KuCoin XPTUSDTM
Extended XPT-USD
tradeXYZ xyz:PLATINUM
Gate XPT_USDT
Injective XPT/USDC PERP
Variational Omni XPT
BloFin XPT-USDT
MEXC XPT_USDT
edgeX XPTUSDC
Aster XPTUSDT
Paradex XPT-USD-PERP
Lighter XPT
OKX XPT-USDT-SWAP
GRVT XPT_USDT_Perp