Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0715%/8h= −78.3% APRpaid last 24h −0.129%

Price spread now: gTrade (Gains Network) against OKX−0.184%7-day average — · you buy dearer than you sell

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

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and gTrade (Gains Network) is 0.184% cheaper against OKX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPT-USDT-SWAP	1,807.1	0.0721	pay 0.0721% / 8h	6h 19m	$907K	$508K	50x
Short	gTrade (Gains Network) XPT/USD	1,803.8	L +0.0006% / S −0.0006%	get 0.0001% / 1h	19m 38s	$231	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.184%Rate

Funding earned: −$150.17
Price spread: −0.184% → 0.000%: −$18.43
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$188.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 47 min ago; gTrade (Gains Network): no order-book sample. 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 OKX live order book, 47 min ago	0.28 bp	10.1 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 20 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	1,807	−0.004%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,803.8	−0.184%	$231	—	150x
Vest PL-PERP	+0.0046%	1h	1,804.5	−0.144%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,804.8	−0.128%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,806.6	−0.026%	$307	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,827.4	+1.124%	$6K	$34K	52x	as long as short
KuCoin XPTUSDTM	+0.0236%	4h	1,807.6	+0.030%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0269%	1h	1,804.1	−0.166%	$3.6M	$989K	20x	as long as short
Gate XPT_USDT	+0.0270%	4h	1,807.6	+0.029%	$632K	$419K	100x	as long as short
Variational Omni XPT	+0.0395%	4h	1,807.3	+0.008%	$281K	$232K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0449%	4h	1,807.1	0.000%	$14K	$10K	20x	as long as short
MEXC XPT_USDT	+0.0460%	4h	1,805.8	−0.070%	$23.8M	$657K	100x	as long as short
Binance XPTUSDT	+0.0463%	4h	1,806.8	−0.016%	$4.2M	$3.8M	100x	as long as short
Extended XPT-USD	+0.0464%	1h	1,804.2	−0.163%	$203K	$617K	10x	as long as short
edgeX XPTUSDC	+0.0465%	4h	1,807	−0.008%	$39K	$283K	10x	as long as short
Paradex XPT-USD-PERP	+0.0521%	8h	1,806.6	−0.028%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0544%	4h	1,804.9	−0.121%	$1.2M	$373K	100x	as long as short
Lighter XPT	+0.0720%	1h	1,807.3	+0.011%	$358K	$15K	20x	as long as short
OKX XPT-USDT-SWAPlong	+0.0721%	8h	1,807.1	long leg	$907K	$508K	50x
GRVT XPT_USDT_Perp	+0.0944%	4h	1,806.8	−0.018%	$206K	$964K	25x	as long as short