Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0738%/8h= +80.8% APRpaid last 24h +0.077%

Price spread now: Bitget against Aevo−0.106%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Bitget

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—needs both histories

Funding pays, the price is against you. Bitget is 0.106% cheaper against Aevo than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 11 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PLATINUM-PERP	1,793.8	0.0536	pay 0.0067% / 1h	5m 55s	$305	—	10x
Short	Bitget XPTUSDT	1,791.9	0.1274	get 0.0637% / 4h	2h 05m	$1.4M	$505K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now −0.106%Rate

Funding earned: $154.98
Price spread: −0.106% → 0.000%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: $116.41
Costs to cover: 0.280%
Break-even: 1.7 days

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 6 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 6 min ago	3.54 bp	9.6 bp −$10	33.1 bp −$331	doesn't fit	doesn't fit

Aevo: 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-USDT	0.0000%	4h	1,793.8	−0.002%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,789.7	−0.231%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,790.5	−0.185%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,790.1	−0.209%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.724%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0454%	1h	1,790.5	−0.185%	$3.6M	$1.1M	20x	as long as short
Aevo PLATINUM-PERPlong	+0.0536%	1h	1,793.8	long leg	$305	—	10x
KuCoin XPTUSDTM	+0.0662%	4h	1,792.7	−0.060%	$247K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0702%	8h	1,793.5	−0.017%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0872%	4h	1,794.7	+0.048%	$723K	$537K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0904%	1h	1,789.2	−0.256%	$206K	$628K	10x	as long as short
Lighter XPT	+0.0960%	1h	1,794.3	+0.027%	$355K	$19K	20x	as long as short
Aster XPTUSDT	+0.1198%	4h	1,790.3	−0.195%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1220%	4h	1,792.8	−0.057%	$261K	$200K	—	as long as short
BloFin XPT-USDT	+0.1223%	4h	1,793.9	+0.004%	$93K	$69K	100x	as long as short
Binance XPTUSDT	+0.1257%	4h	1,792.9	−0.053%	$4.5M	$4.6M	100x	as long as short
MEXC XPT_USDT	+0.1258%	4h	1,790.8	−0.169%	$23.4M	$618K	100x	as long as short
Bitget XPTUSDTshort	+0.1274%	4h	1,791.9	−0.106%	$1.4M	$505K	100x
edgeX XPTUSDC	+0.1290%	4h	1,792.6	−0.070%	$39K	$281K	10x	as long as short
OKX XPT-USDT-SWAP	+0.1328%	8h	1,793.9	+0.005%	$997K	$694K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1484%	4h	1,793.4	−0.021%	$206K	$808K	25x	as long as short