Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.016%

Price spread now: Bitget against Extended+0.057%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.057%, 7d avg +0.026%

Together, before fees+0.020%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.031% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% 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	Extended XPT-USD	1,813.2	0.0032	pay 0.0004% / 1h	51m 11s	$207K	$454K	10x
Short	Bitget XPTUSDT	1,814.3	0.0364	get 0.0182% / 4h	51m 11s	$1.2M	$325K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.057%Rate

Funding earned: $69.72
Price spread: +0.057% → +0.026%: $3.08
Slippage, 4 orders: −$23.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $32.48
Costs to cover: 0.403%
Break-even: 3.7 days

Slippage from Extended: live order book, 26 min ago; Bitget: live order book, 5 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 Extended live order book, 26 min ago	0.55 bp	6.1 bp −$6	35.9 bp −$359	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.11 bp	10.5 bp −$10	32.6 bp −$326	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	1,815.4	+0.122%	$10K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,813.1	−0.005%	$233	—	150x	as long as short
Extended XPT-USDlong	+0.0032%	1h	1,813.2	long leg	$207K	$454K	10x
Vest PL-PERP	+0.0046%	1h	1,813.4	+0.010%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,813.7	+0.026%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,814.1	+0.047%	$17K	$20K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,815.5	+0.125%	$201K	$25K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,815.3	+0.116%	$309	—	10x	as long as short
Variational Omni XPT	+0.0199%	4h	1,814.7	+0.081%	$284K	$325K	—	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,833.1	+1.098%	$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
Gate XPT_USDT	+0.0244%	4h	1,816.1	+0.159%	$689K	$345K	100x	as long as short
edgeX XPTUSDC	+0.0251%	4h	1,815.4	+0.123%	$40K	$282K	10x	as long as short
MEXC XPT_USDT	+0.0256%	4h	1,815	+0.096%	$24.1M	$644K	100x	as long as short
Binance XPTUSDT	+0.0256%	4h	1,815.3	+0.112%	$4.3M	$4.1M	100x	as long as short
BloFin XPT-USDT	+0.0272%	4h	1,815.4	+0.122%	$86K	$63K	100x	as long as short
Paradex XPT-USD-PERP	+0.0292%	8h	1,815.3	+0.114%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0332%	4h	1,814.2	+0.055%	$15K	$31K	20x	as long as short
Bitget XPTUSDTshort	+0.0364%	4h	1,814.3	+0.057%	$1.2M	$325K	100x
Lighter XPT	+0.0376%	1h	1,816.3	+0.170%	$359K	$19K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0600%	4h	1,815.5	+0.123%	$207K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0710%	8h	1,815.9	+0.148%	$918K	$528K	50x	as long as short