Settings8H · net · $10k
Funding arb · Price arb /

XPT

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SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.021%−$2 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XPTUSDT1,813.80.0392pay 0.0196% / 4h3h 12m$1.2M$357K100x
ShortBinance XPTUSDT1,813.80.0291get 0.0145% / 4h3h 12m$4.2M$4.0M100x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago3.01 bp11.2 bp −$1131.0 bp −$310111.1 bp −$11.1Kdoesn't fit
Sell Binance live order book, 10 min ago0.03 bp9.8 bp −$1021.8 bp −$218108.0 bp −$10.8Kdoesn't fit

XPT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX XPT-USDT0.0000%4h1,813.1−0.040%$11K$36K30xas long as short
gTrade (Gains Network) XPT/USDL +0.0006% / S −0.0006%1h1,811.5−0.126%$232150xas long as short
Vest PL-PERP+0.0046%1h1,812.2−0.088%$5025xas long as short
Pacifica PLATINUM+0.0100%1h1,810.9−0.159%$17K$25K10xas long as short
KuCoin XPTUSDTM+0.0100%4h1,814.3+0.025%$202K$19K75xas long as short
Aevo PLATINUM-PERP+0.0104%1h1,813.8−0.002%$30810xas long as short
Extended XPT-USD+0.0112%1h1,811.7−0.116%$206K$537K10xas long as short
tradeXYZ xyz:PLATINUM+0.0147%1h1,812−0.099%$3.6M$1.1M20xas long as short
Gate XPT_USDT+0.0198%4h1,813.5−0.015%$641K$406K100xas long as short
Injective XPT/USDC PERP+0.0220%1h1,831.8+0.990%$6K$34K52xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XPT+0.0237%4h1,812.7−0.063%$287K$326Kas long as short
BloFin XPT-USDT+0.0248%4h1,813.7−0.006%$85K$64K100xas long as short
Binance XPTUSDTshort+0.0291%4h1,813.8+0.002%$4.2M$4.0M100x
MEXC XPT_USDT+0.0292%4h1,813.5−0.015%$23.9M$672K100xas long as short
edgeX XPTUSDC+0.0294%4h1,812.7−0.063%$40K$284K10xas long as short
Aster XPTUSDT+0.0318%4h1,812.9−0.050%$15K$12K20xas long as short
Paradex XPT-USD-PERP+0.0353%8h1,813.6−0.013%$3K5xas long as short
Bitget XPTUSDTlong+0.0392%4h1,813.8long leg$1.2M$357K100x
Lighter XPT+0.0448%1h1,814.8+0.055%$359K$16K20xas long as short
OKX XPT-USDT-SWAP+0.0699%8h1,814.2+0.022%$908K$538K50xas long as short
GRVT XPT_USDT_Perp+0.0742%4h1,813.2−0.034%$208K$1.0M25xas long as short