Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0626%/8h= −68.5% APRpaid last 24h −0.038%

Price spread now: tradeXYZ against Bitget+0.004%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.004%, 7d avg −0.092%

Together, before fees−0.042%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.097% dearer against Bitget than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.092%): +$10 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 12 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XPTUSDT	1,793.6	0.0876	pay 0.0438% / 4h	38m 39s	$1.3M	$389K	100x
Short	tradeXYZ xyz:PLATINUM	1,793.7	0.0250	get 0.0031% / 1h	38m 39s	$3.5M	$977K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee BitgetbpFee tradeXYZbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$131.39
Price spread: +0.004% → −0.092%: $9.66
Slippage, 4 orders: −$20.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$172.34
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	3.40 bp	12.5 bp −$12	33.7 bp −$337	105.6 bp −$10.6K	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.39 bp	14.5 bp −$15	doesn't fit	doesn't fit	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	1,794.2	+0.035%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.3	−0.071%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.1	−0.029%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.6	−0.059%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0128%	1h	1,795.6	+0.113%	$305	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+1.246%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUMshort	+0.0250%	1h	1,793.7	+0.004%	$3.5M	$977K	20x
Gate XPT_USDT	+0.0428%	4h	1,797	+0.190%	$639K	$441K	100x	as long as short
KuCoin XPTUSDTM	+0.0602%	4h	1,796.4	+0.153%	$200K	$17K	75x	as long as short
Paradex XPT-USD-PERP	+0.0652%	8h	1,795.7	+0.118%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0690%	4h	1,794.4	+0.043%	$14K	$10K	20x	as long as short
Variational Omni XPT	+0.0707%	4h	1,795.6	+0.109%	$279K	$214K	—	as long as short
Extended XPT-USD	+0.0728%	1h	1,792.3	−0.074%	$202K	$612K	10x	as long as short
BloFin XPT-USDT	+0.0732%	4h	1,795.6	+0.110%	$88K	$67K	100x	as long as short
Lighter XPT	+0.0752%	1h	1,797.5	+0.216%	$355K	$15K	20x	as long as short
MEXC XPT_USDT	+0.0764%	4h	1,794	+0.020%	$23.5M	$644K	100x	as long as short
Binance XPTUSDT	+0.0765%	4h	1,795.6	+0.109%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0784%	4h	1,795.6	+0.108%	$39K	$281K	10x	as long as short
Bitget XPTUSDTlong	+0.0876%	4h	1,793.6	long leg	$1.3M	$389K	100x
OKX XPT-USDT-SWAP	+0.0933%	8h	1,796.9	+0.183%	$937K	$561K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1160%	4h	1,795.6	+0.108%	$204K	$815K	25x	as long as short