Funding you earn now, next payment 03:00 UTC−0.0234%/8h= −25.6% APRnext payment −$0.29 per $10,000 · paid last 24h −0.004%
Price spread now: tradeXYZ against Extended+0.113%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.113%, 7d avg −0.051%
=Together, before fees−0.076%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.165% dearer against Extended than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.051%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. 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 | 1,798.4 | 0.0704 | pay 0.0088% / 1h | 21m 37s | $204K | $620K | 10x |
| Short | tradeXYZ xyz:PLATINUM | 1,800.4 | 0.0470 | get 0.0059% / 1h | 21m 37s | $3.6M | $977K | 20x |
Extended XPT-USD
tradeXYZ xyz:PLATINUMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.19
- Price spread: +0.113% → −0.051%
- $16.45
- Slippage, 4 orders
- −$24.09
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$79.82
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from Extended: live order book, 41 min ago; tradeXYZ: live order book, 5 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, 41 min ago | 1.39 bp | 12.1 bp −$12 | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.39 bp | 13.7 bp −$14 | doesn't fit | 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 | 1,802.2 | +0.216% | $11K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,798.1 | −0.017% | $231 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,798.6 | +0.013% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,797.9 | −0.026% | $13K | $29K | 10x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,801.8 | +0.193% | $306 | — | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,816 | +0.982% | $6K | $34K | 52x | as long as short |
| Gate XPT_USDT | +0.0392% | 4h | 1,803 | +0.258% | $639K | $433K | 100x | as long as short |
| KuCoin XPTUSDTM | +0.0436% | 4h | 1,802 | +0.201% | $201K | $17K | 75x | as long as short |
| tradeXYZ xyz:PLATINUMshort | +0.0470% | 1h | 1,800.4 | +0.113% | $3.6M | $977K | 20x | |
| Aster XPTUSDT | +0.0604% | 4h | 1,800.3 | +0.107% | $14K | $10K | 20x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
Aevo PLATINUM-PERP
Injective XPT/USDC PERP
Gate XPT_USDT
KuCoin XPTUSDTM
Aster XPTUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPT | +0.0608% | 4h | 1,800.8 | +0.135% | $280K | $226K | — | as long as short |
| Paradex XPT-USD-PERP | +0.0631% | 8h | 1,801.5 | +0.175% | $3K | — | 5x | as long as short |
| BloFin XPT-USDT | +0.0646% | 4h | 1,802.3 | +0.217% | $85K | $68K | 100x | as long as short |
| MEXC XPT_USDT | +0.0670% | 4h | 1,799.6 | +0.067% | $23.7M | $656K | 100x | as long as short |
| edgeX XPTUSDC | +0.0674% | 4h | 1,801.4 | +0.170% | $39K | $282K | 10x | as long as short |
| Binance XPTUSDT | +0.0675% | 4h | 1,802.2 | +0.214% | $4.3M | $3.8M | 100x | as long as short |
| Extended XPT-USDlong | +0.0704% | 1h | 1,798.4 | long leg | $204K | $620K | 10x | |
| Bitget XPTUSDT | +0.0762% | 4h | 1,800.9 | +0.141% | $1.3M | $392K | 100x | as long as short |
| OKX XPT-USDT-SWAP | +0.0826% | 8h | 1,803.2 | +0.269% | $918K | $545K | 50x | as long as short |
| Lighter XPT | +0.0832% | 1h | 1,803 | +0.258% | $356K | $15K | 20x | as long as short |
| GRVT XPT_USDT_Perp | +0.1114% | 4h | 1,802.4 | +0.226% | $205K | $841K | 25x | as long as short |
Variational Omni XPT
Paradex XPT-USD-PERP
BloFin XPT-USDT
MEXC XPT_USDT
edgeX XPTUSDC
Binance XPTUSDT
Bitget XPTUSDT
OKX XPT-USDT-SWAP
Lighter XPT
GRVT XPT_USDT_Perp