Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.3% APRnext payment −$0.44 per $10,000 · paid last 24h −0.028%
Price spread now: tradeXYZ against Extended+0.023%7-day average −0.042% · 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−$37as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.023%, 7d avg −0.042%
=Together, before fees−0.044%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.065% dearer against Extended than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.042%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.033% in total) that is about 14 days.
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; at this rate the next one is about −$0.44 per $10,000. 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 | 1,780.8 | 0.0400 | pay 0.0050% / 1h | 8m 35s | $154K | $697K | 10x |
| Short | tradeXYZ xyz:PLATINUM | 1,781.2 | 0.0050 | get 0.0006% / 1h | 8m 35s | $3.6M | $1.1M | 20x |
Extended XPT-USD
tradeXYZ xyz:PLATINUMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$73.5
- Price spread: +0.023% → −0.042%
- $6.52
- Slippage, 4 orders
- −$20.29
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$110.27
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from Extended: live order book, 29 min ago; tradeXYZ: live order book, 10 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, 29 min ago | 1.40 bp | 8.8 bp −$9 | 63.3 bp −$633 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 2.52 bp | 12.4 bp −$12 | 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 | 1,783.8 | +0.169% | $11K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,782 | +0.067% | $229 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,780.4 | −0.022% | — | $50 | 25x | as long as short |
| tradeXYZ xyz:PLATINUMshort | +0.0050% | 1h | 1,781.2 | +0.023% | $3.6M | $1.1M | 20x | |
| Pacifica PLATINUM | +0.0100% | 1h | 1,781.6 | +0.046% | $13K | $32K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,783 | +0.126% | $238K | $40K | 75x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,800.3 | +1.094% | $6K | $34K | 52x | as long as short |
| Paradex XPT-USD-PERP | +0.0229% | 8h | 1,782.7 | +0.107% | $3K | — | 5x | as long as short |
| Lighter XPT | +0.0312% | 1h | 1,783.8 | +0.169% | $356K | $30K | 20x | as long as short |
| Aevo PLATINUM-PERP | +0.0360% | 1h | 1,783.6 | +0.156% | $303 | — | 10x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
KuCoin XPTUSDTM
Injective XPT/USDC PERP
Paradex XPT-USD-PERP
Lighter XPT
Aevo PLATINUM-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XPTUSDT | +0.0367% | 4h | 1,782.1 | +0.072% | $15K | $10K | 20x | as long as short |
| Variational Omni XPT | +0.0382% | 4h | 1,785.4 | +0.262% | $245K | $205K | — | as long as short |
| Extended XPT-USDlong | +0.0400% | 1h | 1,780.8 | long leg | $154K | $697K | 10x | |
| Binance XPTUSDT | +0.0423% | 4h | 1,783.1 | +0.129% | $4.6M | $5.2M | 100x | as long as short |
| MEXC XPT_USDT | +0.0436% | 4h | 1,782.9 | +0.121% | $23.3M | $653K | 100x | as long as short |
| BloFin XPT-USDT | +0.0467% | 4h | 1,783.7 | +0.166% | $97K | $70K | 100x | as long as short |
| edgeX XPTUSDC | +0.0475% | 4h | 1,785.7 | +0.278% | $39K | $282K | 10x | as long as short |
| Bitget XPTUSDT | +0.0542% | 4h | 1,782.7 | +0.104% | $1.4M | $520K | 100x | as long as short |
| Gate XPT_USDT | +0.0562% | 4h | 1,784.6 | +0.215% | $688K | $555K | 100x | as long as short |
| GRVT XPT_USDT_Perp | +0.0716% | 4h | 1,784.5 | +0.207% | $204K | $777K | 25x | as long as short |
| OKX XPT-USDT-SWAP | +0.1006% | 8h | 1,783.3 | +0.141% | $1.0M | $787K | 50x | as long as short |
Aster XPTUSDT
Variational Omni XPT
Binance XPTUSDT
MEXC XPT_USDT
BloFin XPT-USDT
edgeX XPTUSDC
Bitget XPTUSDT
Gate XPT_USDT
GRVT XPT_USDT_Perp
OKX XPT-USDT-SWAP