Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.055%

Price spread now: HTX against tradeXYZ+0.118%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.118% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLATINUM	1,780.7	0.0050	pay 0.0006% / 1h	3m 54s	$3.6M	$1.1M	20x
Short	HTX XPT-USDT	1,782.8	0	get 0.0000% / 4h	3m 54s	$11K	$38K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$10.5
Price spread: +0.118% → 0.000%: $11.85
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.65
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; HTX: 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 tradeXYZ live order book, 4 min ago	1.97 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 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-USDTshort	0.0000%	4h	1,782.8	+0.118%	$11K	$38K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,780.6	−0.004%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,780.7	0.000%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0050%	1h	1,780.7	long leg	$3.6M	$1.1M	20x
Pacifica PLATINUM	+0.0100%	1h	1,781.5	+0.045%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,782.4	+0.093%	$235K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0219%	8h	1,783.4	+0.150%	$3K	—	5x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+1.100%	$6K	$34K	52x	as long as short
Extended XPT-USD	+0.0288%	1h	1,780.6	−0.008%	$154K	$697K	10x	as long as short
Lighter XPT	+0.0312%	1h	1,783.6	+0.163%	$356K	$30K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0331%	4h	1,782.9	+0.125%	$245K	$206K	—	as long as short
Aevo PLATINUM-PERP	+0.0336%	1h	1,782.5	+0.103%	$303	—	10x	as long as short
Aster XPTUSDT	+0.0336%	4h	1,781.8	+0.061%	$15K	$10K	20x	as long as short
Binance XPTUSDT	+0.0394%	4h	1,782.7	+0.113%	$4.6M	$5.2M	100x	as long as short
MEXC XPT_USDT	+0.0402%	4h	1,782.5	+0.102%	$23.3M	$653K	100x	as long as short
BloFin XPT-USDT	+0.0425%	4h	1,783.7	+0.170%	$97K	$70K	100x	as long as short
edgeX XPTUSDC	+0.0443%	4h	1,782.8	+0.116%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.0516%	4h	1,781.5	+0.044%	$1.3M	$526K	100x	as long as short
Gate XPT_USDT	+0.0554%	4h	1,783.9	+0.179%	$687K	$556K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0692%	4h	1,782.8	+0.116%	$204K	$777K	25x	as long as short
OKX XPT-USDT-SWAP	+0.0984%	8h	1,782.4	+0.095%	$1.0M	$789K	50x	as long as short