Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1048%/8h= +114.8% APRpaid last 24h +0.075%

Price spread now: OKX against tradeXYZ+0.134%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.134%, 7d avg +0.146%

Together, before fees+0.073%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.146%, so right now this pair is about funding alone: +$31 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 0.088% in total (about 4.6% 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	tradeXYZ xyz:PLATINUM	1,786.1	0.0050	pay 0.0006% / 1h	31m 58s	$3.6M	$1.1M	20x
Short	OKX XPT-USDT-SWAP	1,788.5	0.1098	get 0.1098% / 8h	31m 58s	$1.0M	$752K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.134%Rate

Funding earned: $220.17
Price spread: +0.134% → +0.146%: −$1.17
Slippage, 4 orders: −$20.25
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: $170.76
Costs to cover: 0.482%
Break-even: 1.6 days

Slippage from tradeXYZ: live order book, 6 min ago; OKX: live order book, 4 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	1.96 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.28 bp	11.6 bp −$12	29.6 bp −$296	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	1,788.5	+0.135%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,785.4	−0.041%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,785.2	−0.050%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0050%	1h	1,786.1	long leg	$3.6M	$1.1M	20x
Pacifica PLATINUM	+0.0100%	1h	1,785.5	−0.034%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,788.1	+0.112%	$239K	$40K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.6	+0.980%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0304%	1h	1,788.5	+0.134%	$356K	$24K	20x	as long as short
Paradex XPT-USD-PERP	+0.0310%	8h	1,788	+0.106%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0424%	1h	1,788	+0.107%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0573%	4h	1,786.5	+0.021%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0619%	4h	1,786.4	+0.015%	$237K	$201K	—	as long as short
Gate XPT_USDT	+0.0630%	4h	1,789.3	+0.180%	$701K	$541K	100x	as long as short
Binance XPTUSDT	+0.0634%	4h	1,788.5	+0.133%	$4.7M	$5.0M	100x	as long as short
MEXC XPT_USDT	+0.0640%	4h	1,787.9	+0.101%	$23.3M	$651K	100x	as long as short
Extended XPT-USD	+0.0672%	1h	1,785.1	−0.055%	$154K	$699K	10x	as long as short
BloFin XPT-USDT	+0.0684%	4h	1,788	+0.104%	$96K	$69K	100x	as long as short
edgeX XPTUSDC	+0.0696%	4h	1,787.4	+0.071%	$39K	$281K	10x	as long as short
Bitget XPTUSDT	+0.0708%	4h	1,785.7	−0.021%	$1.4M	$494K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0840%	4h	1,788.1	+0.111%	$205K	$774K	25x	as long as short
OKX XPT-USDT-SWAPshort	+0.1098%	8h	1,788.5	+0.134%	$1.0M	$752K	50x