Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0487%/8h= +53.3% APRpaid last 24h +0.065%

Price spread now: OKX against KuCoin+0.033%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.033%, 7d avg +0.049%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% 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	KuCoin XPTUSDTM	1,796.3	0.0698	pay 0.0349% / 4h	3h 16m	$249K	$40K	75x
Short	OKX XPT-USDT-SWAP	1,796.9	0.1185	get 0.1185% / 8h	3h 16m	$955K	$619K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $102.29
Price spread: +0.033% → +0.049%: −$1.51
Slippage, 4 orders: −$44.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $34.56
Costs to cover: 0.662%
Break-even: 4.6 days

Slippage from KuCoin: live order book, 54 min ago; OKX: live order book, 35 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 KuCoin live order book, 54 min ago	7.85 bp	25.7 bp −$26	193.6 bp −$1,936	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	0.28 bp	12.0 bp −$12	27.5 bp −$275	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	1,797.2	+0.052%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.7	−0.258%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.6	−0.206%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795	−0.072%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813	+0.930%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0360%	1h	1,797.2	+0.049%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0505%	1h	1,794.5	−0.100%	$3.6M	$1.0M	20x	as long as short
Paradex XPT-USD-PERP	+0.0574%	8h	1,797.2	+0.051%	$3K	—	5x	as long as short
KuCoin XPTUSDTMlong	+0.0698%	4h	1,796.3	long leg	$249K	$40K	75x
Gate XPT_USDT	+0.0856%	4h	1,797.4	+0.061%	$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	+0.0976%	1h	1,797.6	+0.072%	$355K	$19K	20x	as long as short
Variational Omni XPT	+0.1072%	4h	1,796.7	+0.022%	$280K	$193K	—	as long as short
Aster XPTUSDT	+0.1089%	4h	1,793.2	−0.171%	$14K	$9K	20x	as long as short
edgeX XPTUSDC	+0.1106%	4h	1,796.6	+0.015%	$39K	$282K	10x	as long as short
BloFin XPT-USDT	+0.1133%	4h	1,796.6	+0.016%	$89K	$68K	100x	as long as short
MEXC XPT_USDT	+0.1142%	4h	1,793.3	−0.167%	$23.5M	$601K	100x	as long as short
Binance XPTUSDT	+0.1145%	4h	1,796.9	+0.033%	$4.5M	$4.3M	100x	as long as short
OKX XPT-USDT-SWAPshort	+0.1185%	8h	1,796.9	+0.033%	$955K	$619K	50x
Bitget XPTUSDT	+0.1206%	4h	1,794.5	−0.098%	$1.4M	$471K	100x	as long as short
Extended XPT-USD	+0.1232%	1h	1,791.8	−0.251%	$205K	$618K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1548%	4h	1,796.6	+0.018%	$205K	$812K	25x	as long as short