Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.089%

Price spread now: OKX against Extended+0.334%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.334%, 7d avg +0.097%

Together, before fees−0.029%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.237% dearer against Extended than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.097%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% 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	1,793.6	0.0808	pay 0.0101% / 1h	17m 36s	$207K	$617K	10x
Short	OKX XPT-USDT-SWAP	1,799.6	0.1000	get 0.1000% / 8h	4h 17m	$943K	$608K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.334%Rate

Funding earned: $40.36
Price spread: +0.334% → +0.097%: $23.66
Slippage, 4 orders: −$19.97
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $29.04
Costs to cover: 0.350%
Break-even: 2.0 days

Slippage from Extended: live order book, 40 min ago; OKX: live order book, 39 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, 40 min ago	0.83 bp	7.1 bp −$7	36.7 bp −$367	doesn't fit	doesn't fit
Sell OKX live order book, 39 min ago	0.28 bp	11.7 bp −$12	27.3 bp −$273	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	1,799.2	+0.313%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,793.5	−0.009%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.5	+0.050%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.1	+0.195%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0184%	1h	1,799	+0.303%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.3	+1.098%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0401%	1h	1,796.7	+0.172%	$3.6M	$994K	20x	as long as short
Gate XPT_USDT	+0.0484%	4h	1,800	+0.355%	$733K	$503K	100x	as long as short
KuCoin XPTUSDTM	+0.0706%	4h	1,800	+0.358%	$249K	$40K	75x	as long as short
Variational Omni XPT	+0.0784%	4h	1,798.9	+0.296%	$279K	$209K	—	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	+0.0788%	8h	1,798.4	+0.267%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0800%	4h	1,798.6	+0.277%	$14K	$9K	20x	as long as short
Extended XPT-USDlong	+0.0808%	1h	1,793.6	long leg	$207K	$617K	10x
BloFin XPT-USDT	+0.0840%	4h	1,799.7	+0.337%	$88K	$68K	100x	as long as short
MEXC XPT_USDT	+0.0854%	4h	1,796.3	+0.147%	$23.6M	$645K	100x	as long as short
edgeX XPTUSDC	+0.0856%	4h	1,799.2	+0.314%	$39K	$282K	10x	as long as short
Binance XPTUSDT	+0.0866%	4h	1,798.5	+0.270%	$4.5M	$4.3M	100x	as long as short
Lighter XPT	+0.0912%	1h	1,800	+0.356%	$356K	$15K	20x	as long as short
Bitget XPTUSDT	+0.0978%	4h	1,797.7	+0.227%	$1.3M	$448K	100x	as long as short
OKX XPT-USDT-SWAPshort	+0.1000%	8h	1,799.6	+0.334%	$943K	$608K	50x
GRVT XPT_USDT_Perp	+0.1228%	4h	1,798.8	+0.292%	$205K	$813K	25x	as long as short