Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0443%/8h= −48.5% APRpaid last 24h −0.063%

Price spread now: Gate against OKX+0.018%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.018%, 7d avg −0.015%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.033% dearer against OKX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.015%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.171% in total) that is about 32 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% 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	1,792.9	0.1327	pay 0.1327% / 8h	2h 12m	$996K	$696K	50x
Short	Gate XPT_USDT	1,793.2	0.0884	get 0.0442% / 4h	2h 12m	$722K	$536K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$93.04
Price spread: +0.018% → −0.015%: $3.25
Slippage, 4 orders: −$25.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$139.98
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from OKX: live order book, 34 min ago; Gate: live order book, 34 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, 34 min ago	0.28 bp	9.1 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	0.03 bp	18.6 bp −$19	25.2 bp −$252	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	1,789.5	−0.190%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,786.9	−0.337%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,789.6	−0.184%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,790.6	−0.126%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.776%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0485%	1h	1,790.1	−0.156%	$3.6M	$1.1M	20x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,790.9	−0.113%	$304	—	10x	as long as short
KuCoin XPTUSDTM	+0.0708%	4h	1,789.6	−0.186%	$247K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0730%	8h	1,792	−0.052%	$3K	—	5x	as long as short
Gate XPT_USDTshort	+0.0884%	4h	1,793.2	+0.018%	$722K	$536K	100x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0984%	1h	1,793.3	+0.022%	$354K	$19K	20x	as long as short
Extended XPT-USD	+0.1072%	1h	1,789.2	−0.205%	$206K	$628K	10x	as long as short
Aster XPTUSDT	+0.1219%	4h	1,790.1	−0.155%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1237%	4h	1,789.9	−0.168%	$260K	$201K	—	as long as short
Binance XPTUSDT	+0.1281%	4h	1,792.5	−0.022%	$4.5M	$4.7M	100x	as long as short
MEXC XPT_USDT	+0.1282%	4h	1,790.1	−0.154%	$23.4M	$618K	100x	as long as short
edgeX XPTUSDC	+0.1283%	4h	1,789.5	−0.192%	$39K	$283K	10x	as long as short
Bitget XPTUSDT	+0.1298%	4h	1,791.8	−0.064%	$1.4M	$503K	100x	as long as short
OKX XPT-USDT-SWAPlong	+0.1327%	8h	1,792.9	long leg	$996K	$696K	50x
BloFin XPT-USDT	+0.1335%	4h	1,790.4	−0.139%	$94K	$69K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1518%	4h	1,789	−0.218%	$206K	$808K	25x	as long as short