Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.041%

Price spread now: edgeX against tradeXYZ+0.039%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.039%, 7d avg +0.099%

Together, before fees−0.006%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.060% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.099%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLATINUM	1,789.9	0.0050	pay 0.0006% / 1h	15m 10s	$3.4M	$1.1M	20x
Short	edgeX XPTUSDC	1,790.6	0.0006	get 0.0003% / 4h	2h 15m	$39K	$282K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$9.17
Price spread: +0.039% → +0.099%: −$6
Slippage, 4 orders: −$10.33
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$52.51
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; edgeX: 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 tradeXYZ live order book, 6 min ago	1.40 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 35 min ago	1.03 bp	6.4 bp −$6	125.3 bp −$1,253	doesn't fit	doesn't fit

XPT on 21 exchanges

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
BloFin XPT-USDT	−0.0035%	4h	1,791.9	+0.113%	$87K	$74K	100x	as long as short
Aster XPTUSDT	0.0000%	4h	1,791.5	+0.090%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,791.1	+0.069%	$4.6M	$5.8M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,791.8	+0.104%	$23.0M	$715K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,791.8	+0.109%	$252K	$199K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,791.1	+0.065%	$11K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,789.7	−0.009%	$230	—	150x	as long as short
edgeX XPTUSDCshort	+0.0006%	4h	1,790.6	+0.039%	$39K	$282K	10x
Injective XPT/USDC PERP	+0.0033%	1h	1,811.1	+1.186%	$6K	$34K	52x	as long as short
Vest PL-PERP	+0.0046%	1h	1,788.3	−0.089%	—	$50	25x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:PLATINUMlong	+0.0050%	1h	1,789.9	long leg	$3.4M	$1.1M	20x
Gate XPT_USDT	+0.0060%	4h	1,792.2	+0.126%	$653K	$584K	100x	as long as short
Bitget XPTUSDT	+0.0064%	4h	1,790.4	+0.028%	$1.3M	$609K	100x	as long as short
Paradex XPT-USD-PERP	+0.0087%	8h	1,791.3	+0.079%	$3K	—	5x	as long as short
GRVT XPT_USDT_Perp	+0.0096%	4h	1,790.7	+0.042%	$207K	$760K	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,790	+0.006%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,790.9	+0.053%	$236K	$41K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,790.2	+0.016%	$304	—	10x	as long as short
Lighter XPT	+0.0312%	1h	1,792.1	+0.123%	$358K	$51K	20x	as long as short
Extended XPT-USD	+0.0472%	1h	1,789.2	−0.042%	$147K	$706K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0591%	8h	1,791.3	+0.078%	$912K	$1.1M	50x	as long as short