XPT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateXPT_USDT	1,553.5	+0.0462	pay 0.0231% / 4h	11m 48s	$894K	$104K	100x	Long Gate
SHORT	KalshiKXPLATINUMPERP	1,549.3	+0.0035	get 0.0106% / 24h	6h 11m	$274K	$720K	6.6x	Short Kalshi

Price gap−0.268%

Funding gap−0.0427% /8h

Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.140% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$4−0.0427% /8h now · paid +0.043% over the last 7D

Price−$14spread −0.268% now, avg −0.128% → −0.140% if it goes back

Costs−$440.438% of $10k · taker + slippage, in and out

Result−$54−0.54%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.043% in total, about +0.0020%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.268%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XPT on 24 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size19.0 / 3.1 bp
At $10k entering Gate costs 19.0 bp, fee and slippage, 6.1× Kalshi’s.
Note: Margin at max leverage$100 + $1,513
Gate 100x, Kalshi 6.6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 24h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$12.80Long Gate: 6 payments, −$13.86; short Kalshi: 1 payment, +$1.06.
Watch: Gap narrower than usual−0.268% vs −0.128%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$274K vs $894K OI
Kalshi sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · Kalshi Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0020%/8h × 21 periods+$4.26

Price spread−0.268% → −0.128% (7d avg)−$14.01

Slippage, 4 orderslive order books−$28.31

Fee Gate bp × 2 orders−$15.00

Fee Kalshi bp × 2 orders−$0.48

Net · 7 days · $10k−$53.55

Costs to cover0.438%Break-even95.0 days

Slippage: Gate: live order book, 21 min ago; Kalshi: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate0.6119.0 bp−$1930.6 bp−$306doesn’t fitdoesn’t fit

SELL · SHORTKalshi2.273.1 bp−$35.9 bp−$59doesn’t fitdoesn’t fit

Closing costs about the same again.

XPT news

posts that mention XPT or Platinum, from every exchangeSearch all news →

10-10 13:01	Bulk	Points	Season 1 league ranks are in and the competition is on! Get trading and solidify your rank in time for the first distribution on Oct 17 The new splits and distributions are: Challenger (Top 25): 45% Diamond (Top 100): 25% Platinum-Gold: 30%, Plat 2:1 Gold There is no cap on these distributions. Rewards will scale alongside activity. @bulktrade on X ↗
09-29 17:00	MEXC	Other	7 days to go. Singapore, we’re coming. 🇸🇬 Proud to be a Platinum Sponsor of #TOKEN2049. See you there. #MEXCEventRocks @MEXC on X ↗
09-23 13:33	Kalshi	Listing	new market KXPLATINUMPERP ($XPT) seen by our collector

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