Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0435%/8h= +47.7% APRpaid last 24h +0.093%

Price spread now: OKX against Extended+0.281%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.281%, 7d avg +0.095%

Together, before fees−0.028%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and OKX is 0.186% dearer against Extended than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% 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	Extended XPT-USD	1,804.6	0.0264	pay 0.0033% / 1h	33m 43s	$203K	$633K	10x
Short	OKX XPT-USDT-SWAP	1,809.7	0.0699	get 0.0699% / 8h	6h 33m	$907K	$518K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.281%Rate

Funding earned: $91.43
Price spread: +0.281% → +0.095%: $18.62
Slippage, 4 orders: −$20.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $74.73
Costs to cover: 0.353%
Break-even: 1.3 days

Slippage from Extended: live order book, 34 min ago; OKX: live order book, 33 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, 34 min ago	2.20 bp	4.7 bp −$5	38.4 bp −$384	doesn't fit	doesn't fit
Sell OKX live order book, 33 min ago	0.28 bp	11.2 bp −$11	27.0 bp −$270	doesn't fit	doesn't fit

XPT on 20 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	1,807	+0.134%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,804.5	−0.006%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,805.2	+0.032%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,805.9	+0.072%	$17K	$25K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,808.4	+0.211%	$307	—	10x	as long as short
KuCoin XPTUSDTM	+0.0156%	4h	1,809.3	+0.260%	$201K	$17K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,827.4	+1.262%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0240%	4h	1,809.8	+0.285%	$639K	$411K	100x	as long as short
Extended XPT-USDlong	+0.0264%	1h	1,804.6	long leg	$203K	$633K	10x
tradeXYZ xyz:PLATINUM	+0.0296%	1h	1,805.6	+0.054%	$3.6M	$1.0M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0308%	4h	1,806.8	+0.123%	$286K	$227K	—	as long as short
edgeX XPTUSDC	+0.0352%	4h	1,809.6	+0.274%	$40K	$282K	10x	as long as short
MEXC XPT_USDT	+0.0372%	4h	1,805.5	+0.049%	$23.8M	$656K	100x	as long as short
Binance XPTUSDT	+0.0379%	4h	1,807.7	+0.170%	$4.2M	$3.9M	100x	as long as short
Aster XPTUSDT	+0.0381%	4h	1,809.3	+0.258%	$14K	$10K	20x	as long as short
Paradex XPT-USD-PERP	+0.0441%	8h	1,807.7	+0.172%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0468%	4h	1,807.5	+0.158%	$1.2M	$372K	100x	as long as short
Lighter XPT	+0.0680%	1h	1,808.3	+0.203%	$358K	$15K	20x	as long as short
OKX XPT-USDT-SWAPshort	+0.0699%	8h	1,809.7	+0.281%	$907K	$518K	50x
GRVT XPT_USDT_Perp	+0.0794%	4h	1,809.1	+0.249%	$207K	$965K	25x	as long as short