Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0322%/8h= −35.2% APRpaid last 24h +0.002%

Price spread now: edgeX against Extended+0.121%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.121%, 7d avg +0.058%

Together, before fees−0.118%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.063% dearer against Extended than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.058%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.074% in total) that is about 5.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPT-USD	1,790.4	0.0312	pay 0.0039% / 1h	43m 08s	$155K	$688K	10x
Short	edgeX XPTUSDC	1,792.6	−0.0010	pay 0.0005% / 4h	43m 08s	$39K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$67.54
Price spread: +0.121% → +0.058%: $6.28
Slippage, 4 orders: −$30.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$105.73
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; edgeX: live order book, 63 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 Extended live order book, 63 min ago	1.12 bp	12.7 bp −$13	37.1 bp −$371	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	6.82 bp	12.1 bp −$12	126.0 bp −$1,260	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	1,793.8	+0.187%	$89K	$77K	100x	as long as short
edgeX XPTUSDCshort	−0.0010%	4h	1,792.6	+0.121%	$39K	$283K	10x
Aster XPTUSDT	0.0000%	4h	1,792.8	+0.133%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,793.9	+0.195%	$4.7M	$6.1M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,793	+0.145%	$23.0M	$724K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,791.9	+0.082%	$251K	$187K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,793.4	+0.163%	$10K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,790.4	−0.003%	$230	—	150x	as long as short
Injective XPT/USDC PERP	+0.0033%	1h	1,811.1	+1.156%	$6K	$34K	52x	as long as short
Vest PL-PERP	+0.0046%	1h	1,789.2	−0.069%	—	—	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:PLATINUM	+0.0099%	1h	1,790.6	+0.010%	$3.4M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,791	+0.031%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,793.5	+0.173%	$236K	$41K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,792.7	+0.129%	$305	—	10x	as long as short
Bitget XPTUSDT	+0.0118%	4h	1,793.1	+0.150%	$1.4M	$718K	100x	as long as short
Gate XPT_USDT	+0.0120%	4h	1,793.8	+0.186%	$645K	$604K	100x	as long as short
Paradex XPT-USD-PERP	+0.0200%	8h	1,792.7	+0.129%	$3K	—	5x	as long as short
GRVT XPT_USDT_Perp	+0.0238%	4h	1,793.4	+0.168%	$207K	$794K	25x	as long as short
Extended XPT-USDlong	+0.0312%	1h	1,790.4	long leg	$155K	$688K	10x
OKX XPT-USDT-SWAP	+0.0381%	8h	1,793.9	+0.194%	$917K	$1.2M	50x	as long as short
Lighter XPT	+0.0520%	1h	1,794.3	+0.216%	$358K	$54K	20x	as long as short