Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.048%

Price spread now: OKX against MEXC+0.192%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.192%, 7d avg +0.049%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.143% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPT_USDT	1,794	0.1124	pay 0.0562% / 4h	3h 19m	$23.5M	$601K	100x
Short	OKX XPT-USDT-SWAP	1,797.4	0.1176	get 0.1176% / 8h	3h 19m	$952K	$614K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.192%Rate

Funding earned: $11.02
Price spread: +0.192% → +0.049%: $14.27
Slippage, 4 orders: −$37.1
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.8
Costs to cover: 0.471%
Break-even: 20.8 days

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 32 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 MEXC live order book, 5 min ago	10.87 bp	10.9 bp −$11	13.8 bp −$138	66.0 bp −$6,602	253.6 bp −$126.8K
Sell OKX live order book, 32 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	+0.171%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.8	−0.064%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.5	−0.026%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795.9	+0.106%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813	+1.062%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0352%	1h	1,798	+0.227%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0494%	1h	1,795.3	+0.075%	$3.6M	$1.0M	20x	as long as short
Paradex XPT-USD-PERP	+0.0522%	8h	1,798	+0.227%	$3K	—	5x	as long as short
KuCoin XPTUSDTM	+0.0694%	4h	1,796.3	+0.130%	$249K	$40K	75x	as long as short
Gate XPT_USDT	+0.0856%	4h	1,796.1	+0.119%	$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	+0.0960%	1h	1,798.6	+0.259%	$355K	$19K	20x	as long as short
Aster XPTUSDT	+0.1071%	4h	1,793.2	−0.041%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.1072%	4h	1,796.7	+0.153%	$280K	$193K	—	as long as short
edgeX XPTUSDC	+0.1106%	4h	1,796.6	+0.146%	$39K	$282K	10x	as long as short
MEXC XPT_USDTlong	+0.1124%	4h	1,794	long leg	$23.5M	$601K	100x
Binance XPTUSDT	+0.1130%	4h	1,797.6	+0.204%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1151%	4h	1,797.6	+0.203%	$89K	$68K	100x	as long as short
OKX XPT-USDT-SWAPshort	+0.1176%	8h	1,797.4	+0.192%	$952K	$614K	50x
Bitget XPTUSDT	+0.1192%	4h	1,794.5	+0.032%	$1.4M	$471K	100x	as long as short
Extended XPT-USD	+0.1224%	1h	1,792.8	−0.065%	$205K	$618K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1548%	4h	1,796.6	+0.149%	$205K	$812K	25x	as long as short