Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0570%/8h= +62.4% APRpaid last 24h +0.043%

Price spread now: tradeXYZ against HTX−0.059%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.059% cheaper against HTX than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$17 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPT-USDT	1,795.8	0	get 0.0000% / 4h	3h 06m	$10K	$38K	30x
Short	tradeXYZ xyz:PLATINUM	1,794.7	0.0570	get 0.0071% / 1h	6m 20s	$3.6M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.059%Rate

Funding earned: $119.68
Price spread: −0.059% → 0.000%: −$5.9
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $83.78
Costs to cover: 0.300%
Break-even: 2.1 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 11 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 11 min ago	1.39 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDTlong	0.0000%	4h	1,795.8	long leg	$10K	$38K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.3	−0.248%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.8	−0.221%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,794.6	−0.064%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,814.9	+1.066%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0408%	1h	1,797.2	+0.080%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUMshort	+0.0570%	1h	1,794.7	−0.059%	$3.6M	$1.0M	20x
KuCoin XPTUSDTM	+0.0752%	4h	1,797.1	+0.076%	$249K	$40K	75x	as long as short
Paradex XPT-USD-PERP	+0.0755%	8h	1,797	+0.071%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0880%	4h	1,796.2	+0.027%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.1040%	1h	1,797.2	+0.080%	$355K	$20K	20x	as long as short
Variational Omni XPT	+0.1141%	4h	1,795.1	−0.037%	$280K	$191K	—	as long as short
Aster XPTUSDT	+0.1166%	4h	1,793.2	−0.141%	$14K	$9K	20x	as long as short
edgeX XPTUSDC	+0.1208%	4h	1,795.4	−0.019%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.1214%	4h	1,793	−0.156%	$23.5M	$601K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1217%	8h	1,796.4	+0.036%	$954K	$617K	50x	as long as short
Binance XPTUSDT	+0.1223%	4h	1,796.5	+0.043%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1262%	4h	1,796.2	+0.025%	$89K	$68K	100x	as long as short
Bitget XPTUSDT	+0.1280%	4h	1,795.1	−0.036%	$1.4M	$472K	100x	as long as short
Extended XPT-USD	+0.1368%	1h	1,791.3	−0.249%	$205K	$617K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1740%	4h	1,795.1	−0.035%	$206K	$815K	25x	as long as short