Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h −0.006%

Price spread now: Extended against GRVT−0.093%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.093%, 7d avg −0.025%

Together, before fees−0.173%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.068% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.3% 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	GRVT XPT_USDT_Perp	1,810.5	0.0602	pay 0.0301% / 4h	1h 25m	$206K	$1.2M	25x
Short	Extended XPT-USD	1,808.9	0.0032	get 0.0004% / 1h	25m 18s	$198K	$448K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$119.7
Price spread: −0.093% → −0.025%: −$6.78
Slippage, 4 orders: −$17.25
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$157.73
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Extended: live order book, 57 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 GRVT live order book, 3 min ago	0.19 bp	10.7 bp −$11	13928.0 bp −$139.3K	doesn't fit	doesn't fit
Sell Extended live order book, 57 min ago	1.38 bp	7.6 bp −$8	38.0 bp −$380	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	1,810.6	+0.002%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,808.7	−0.103%	$232	—	150x	as long as short
Extended XPT-USDshort	+0.0032%	1h	1,808.9	−0.093%	$198K	$448K	10x
Vest PL-PERP	+0.0046%	1h	1,809	−0.085%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,808.7	−0.103%	$17K	$20K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,809.7	−0.047%	$201K	$25K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,811.3	+0.042%	$308	—	10x	as long as short
Gate XPT_USDT	+0.0176%	4h	1,811.2	+0.038%	$698K	$337K	100x	as long as short
Variational Omni XPT	+0.0203%	4h	1,809.9	−0.034%	$283K	$325K	—	as long as short
tradeXYZ xyz:PLATINUM	+0.0214%	1h	1,809.5	−0.058%	$3.6M	$1.1M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPT/USDC PERP	+0.0220%	1h	1,828.5	+0.994%	$6K	$34K	52x	as long as short
MEXC XPT_USDT	+0.0272%	4h	1,810.2	−0.020%	$24.1M	$632K	100x	as long as short
Binance XPTUSDT	+0.0272%	4h	1,811.4	+0.047%	$4.3M	$4.2M	100x	as long as short
edgeX XPTUSDC	+0.0280%	4h	1,810.3	−0.012%	$39K	$281K	10x	as long as short
BloFin XPT-USDT	+0.0300%	4h	1,811.6	+0.057%	$86K	$63K	100x	as long as short
Paradex XPT-USD-PERP	+0.0322%	8h	1,811.3	+0.041%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0360%	4h	1,809.7	−0.049%	$15K	$31K	20x	as long as short
Bitget XPTUSDT	+0.0426%	4h	1,809.7	−0.047%	$1.2M	$321K	100x	as long as short
GRVT XPT_USDT_Perplong	+0.0602%	4h	1,810.5	long leg	$206K	$1.2M	25x
Lighter XPT	+0.0616%	1h	1,812.4	+0.103%	$358K	$20K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0712%	8h	1,811.9	+0.075%	$918K	$523K	50x	as long as short