Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1293%/8h= −141.5% APRpaid last 24h −0.086%

Price spread now: gTrade (Gains Network) against BloFin−0.176%110s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and gTrade (Gains Network) is 0.176% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPT-USDT	1,792.1	0.1299	pay 0.0649% / 4h	2h 01m	$93K	$69K	100x
Short	gTrade (Gains Network) XPT/USD	1,789	L +0.0006% / S −0.0006%	get 0.0001% / 1h	1m 21s	$229	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.176%Rate

Funding earned: −$271.46
Price spread: −0.176% → 0.000%: −$17.58
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$311.04
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; gTrade (Gains Network): 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 BloFin no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

BloFin and gTrade (Gains Network): 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
HTX XPT-USDT	0.0000%	4h	1,792.5	+0.020%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,789	−0.176%	$229	—	150x
Vest PL-PERP	+0.0046%	1h	1,788.9	−0.180%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,788.6	−0.197%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.819%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0443%	1h	1,789.8	−0.130%	$3.6M	$1.1M	20x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,792.4	+0.017%	$305	—	10x	as long as short
KuCoin XPTUSDTM	+0.0630%	4h	1,791.7	−0.026%	$247K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0683%	8h	1,791.9	−0.015%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0860%	4h	1,793.3	+0.066%	$722K	$539K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0872%	1h	1,788.7	−0.191%	$206K	$627K	10x	as long as short
Lighter XPT	+0.0952%	1h	1,793.3	+0.065%	$354K	$19K	20x	as long as short
Aster XPTUSDT	+0.1176%	4h	1,789.6	−0.140%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1199%	4h	1,793	+0.051%	$261K	$198K	—	as long as short
Binance XPTUSDT	+0.1231%	4h	1,792.2	+0.003%	$4.5M	$4.6M	100x	as long as short
MEXC XPT_USDT	+0.1232%	4h	1,790.6	−0.084%	$23.4M	$639K	100x	as long as short
Bitget XPTUSDT	+0.1256%	4h	1,791.6	−0.032%	$1.4M	$506K	100x	as long as short
edgeX XPTUSDC	+0.1258%	4h	1,791.7	−0.026%	$39K	$283K	10x	as long as short
BloFin XPT-USDTlong	+0.1299%	4h	1,792.1	long leg	$93K	$69K	100x
OKX XPT-USDT-SWAP	+0.1324%	8h	1,792.3	+0.009%	$996K	$696K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1406%	4h	1,792.2	+0.004%	$206K	$808K	25x	as long as short