Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0329%/8h= −36.0% APRpaid last 24h −0.003%

Price spread now: Bitget against OKX−0.080%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.080%, 7d avg −0.066%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$10 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 -0.116% in total (about -6.0% 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	OKX XPT-USDT-SWAP	1,822.8	0.0715	pay 0.0715% / 8h	7h 56m	$925K	$539K	50x
Short	Bitget XPTUSDT	1,821.4	0.0386	get 0.0193% / 4h	3h 56m	$1.3M	$326K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$69.04
Price spread: −0.080% → −0.066%: −$1.36
Slippage, 4 orders: −$22.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.95
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from OKX: live order book, 15 min ago; Bitget: live order book, 10 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 OKX live order book, 15 min ago	0.28 bp	9.8 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	2.31 bp	11.4 bp −$11	37.7 bp −$377	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	1,822.4	−0.025%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,819.7	−0.168%	$233	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,820.8	−0.110%	—	$50	25x	as long as short
Gate XPT_USDT	+0.0074%	4h	1,823.4	+0.031%	$676K	$351K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0084%	1h	1,820.7	−0.115%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,820.5	−0.126%	$17K	$27K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,820.5	−0.129%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,821.3	−0.084%	$310	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,835.4	+0.692%	$6K	$34K	52x	as long as short
Variational Omni XPT	+0.0238%	4h	1,822.3	−0.027%	$289K	$326K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0272%	1h	1,820	−0.153%	$205K	$454K	10x	as long as short
BloFin XPT-USDT	+0.0288%	4h	1,821.3	−0.085%	$86K	$64K	100x	as long as short
edgeX XPTUSDC	+0.0290%	4h	1,821	−0.098%	$40K	$281K	10x	as long as short
Binance XPTUSDT	+0.0303%	4h	1,822	−0.047%	$4.3M	$3.9M	100x	as long as short
MEXC XPT_USDT	+0.0304%	4h	1,821.3	−0.080%	$24.2M	$644K	100x	as long as short
Aster XPTUSDT	+0.0369%	4h	1,819.8	−0.167%	$15K	$12K	20x	as long as short
Bitget XPTUSDTshort	+0.0386%	4h	1,821.4	−0.080%	$1.3M	$326K	100x
Paradex XPT-USD-PERP	+0.0390%	8h	1,822.5	−0.019%	$3K	—	5x	as long as short
Lighter XPT	+0.0472%	1h	1,822.4	−0.022%	$360K	$16K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0692%	4h	1,820.8	−0.108%	$207K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAPlong	+0.0715%	8h	1,822.8	long leg	$925K	$539K	50x