Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h +0.028%

Price spread now: MEXC against Extended+0.114%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.114%, 7d avg +0.050%

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

The price spread pays, funding is against you. MEXC is 0.064% dearer against Extended than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.050%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.047% in total) that is about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPT-USD	1,791.7	0.1208	pay 0.0151% / 1h	48m 26s	$202K	$615K	10x
Short	MEXC XPT_USDT	1,793.8	0.1042	get 0.0521% / 4h	3h 48m	$23.5M	$599K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$34.86
Price spread: +0.114% → +0.050%: $6.38
Slippage, 4 orders: −$36.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$69.97
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; MEXC: 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, 4 min ago	0.84 bp	9.4 bp −$9	58.9 bp −$589	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	5.80 bp	16.7 bp −$17	19.8 bp −$198	72.7 bp −$7,271	268.6 bp −$134.3K

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	1,794.1	+0.130%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.1	+0.022%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.6	+0.049%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,794.2	+0.139%	$13K	$29K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.7	+1.224%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0280%	1h	1,796.2	+0.249%	$305	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0435%	1h	1,793.7	+0.111%	$3.6M	$1.0M	20x	as long as short
KuCoin XPTUSDTM	+0.0736%	4h	1,794.7	+0.164%	$248K	$40K	75x	as long as short
Gate XPT_USDT	+0.0780%	4h	1,794.9	+0.176%	$730K	$507K	100x	as long as short
Lighter XPT	+0.0856%	1h	1,796.5	+0.267%	$355K	$19K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPT-USD-PERP	+0.0873%	8h	1,795.5	+0.212%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0974%	4h	1,793.3	+0.086%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.0986%	4h	1,793.7	+0.110%	$280K	$202K	—	as long as short
MEXC XPT_USDTshort	+0.1042%	4h	1,793.8	+0.114%	$23.5M	$599K	100x
BloFin XPT-USDT	+0.1043%	4h	1,793.8	+0.117%	$88K	$68K	100x	as long as short
edgeX XPTUSDC	+0.1045%	4h	1,793.5	+0.099%	$39K	$282K	10x	as long as short
Binance XPTUSDT	+0.1046%	4h	1,796	+0.240%	$4.5M	$4.3M	100x	as long as short
OKX XPT-USDT-SWAP	+0.1106%	8h	1,796.1	+0.245%	$951K	$636K	50x	as long as short
Bitget XPTUSDT	+0.1132%	4h	1,793.5	+0.100%	$1.4M	$467K	100x	as long as short
Extended XPT-USDlong	+0.1208%	1h	1,791.7	long leg	$202K	$615K	10x
GRVT XPT_USDT_Perp	+0.1498%	4h	1,793.6	+0.104%	$207K	$810K	25x	as long as short