Funding you earn now, next payment 00:00 UTC+0.0241%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h −0.008%
Price spread now: Binance against Gate−0.051%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 2 days (all we have)+0.015%+$2 · spread now −0.051%, 7d avg −0.029%
=Funding pays, the price is against you. Binance is 0.022% cheaper against Gate than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.029%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.018% in total) that is about 8.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 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 | Gate XPT_USDT | 1,809.5 | 0.0196 | pay 0.0098% / 4h | 2h 27m | $700K | $431K | 100x |
| Short | Binance XPTUSDT | 1,808.6 | 0.0437 | get 0.0218% / 4h | 2h 27m | $4.3M | $4.4M | 100x |
Gate XPT_USDT
Binance XPTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $50.52
- Price spread: −0.051% → −0.029%
- −$2.23
- Slippage, 4 orders
- −$30.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$7.22
- Costs to cover
- 0.555%
- Break-even
- 8.0 days
Slippage from Gate: live order book, 58 min ago; Binance: live order book, 9 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 Gate live order book, 58 min ago | 1.80 bp | 17.0 bp −$17 | 31.5 bp −$315 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.69 bp | 11.5 bp −$11 | 34.0 bp −$340 | 124.7 bp −$12.5K | doesn't fit |
XPT on 20 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 | 1,808.9 | −0.034% | $11K | $36K | 30x | as long as short |
| Extended XPT-USD | +0.0040% | 1h | 1,806.4 | −0.173% | $198K | $444K | 10x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,805.6 | −0.218% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,806.3 | −0.180% | $17K | $20K | 10x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,809.1 | −0.027% | $308 | $54 | 10x | as long as short |
| Gate XPT_USDTlong | +0.0196% | 4h | 1,809.5 | long leg | $700K | $431K | 100x | |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,826.5 | +0.936% | $6K | $34K | 52x | as long as short |
| KuCoin XPTUSDTM | +0.0244% | 4h | 1,807.5 | −0.112% | $201K | $55K | 75x | as long as short |
| Lighter XPT | +0.0280% | 1h | 1,810 | +0.025% | $358K | $21K | 20x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0292% | 1h | 1,807.2 | −0.129% | $3.6M | $1.4M | 20x | as long as short |
HTX XPT-USDT
Extended XPT-USD
Vest PL-PERP
Pacifica PLATINUM
Aevo PLATINUM-PERP
Injective XPT/USDC PERP
KuCoin XPTUSDTM
Lighter XPT
tradeXYZ xyz:PLATINUMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPT | +0.0391% | 4h | 1,808.2 | −0.072% | $278K | $326K | — | as long as short |
| Binance XPTUSDTshort | +0.0437% | 4h | 1,808.6 | −0.051% | $4.3M | $4.4M | 100x | |
| MEXC XPT_USDT | +0.0438% | 4h | 1,808.2 | −0.073% | $24.1M | $632K | 100x | as long as short |
| edgeX XPTUSDC | +0.0449% | 4h | 1,808.1 | −0.081% | $39K | $284K | 10x | as long as short |
| Paradex XPT-USD-PERP | +0.0462% | 8h | 1,808.7 | −0.045% | $3K | — | 5x | as long as short |
| BloFin XPT-USDT | +0.0469% | 4h | 1,808.5 | −0.057% | $86K | $63K | 100x | as long as short |
| Aster XPTUSDT | +0.0531% | 4h | 1,808 | −0.086% | $12K | $29K | 20x | as long as short |
| Bitget XPTUSDT | +0.0680% | 4h | 1,807.4 | −0.117% | $1.2M | $429K | 100x | as long as short |
| OKX XPT-USDT-SWAP | +0.0818% | 8h | 1,808.4 | −0.063% | $922K | $639K | 50x | as long as short |
| GRVT XPT_USDT_Perp | +0.0972% | 4h | 1,807.8 | −0.098% | $207K | $1.2M | 25x | as long as short |
Variational Omni XPT
MEXC XPT_USDT
edgeX XPTUSDC
Paradex XPT-USD-PERP
BloFin XPT-USDT
Aster XPTUSDT
Bitget XPTUSDT
OKX XPT-USDT-SWAP
GRVT XPT_USDT_Perp