Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.016%

Price spread now: Bitget against OKX−0.073%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.073%, 7d avg −0.066%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$9 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 -0.085% in total (about -4.4% 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	OKX XPT-USDT-SWAP	1,786.5	0.1172	pay 0.1172% / 8h	55m 43s	$1.0M	$749K	50x
Short	Bitget XPTUSDT	1,785.2	0.0872	get 0.0436% / 4h	55m 43s	$1.4M	$500K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$62.97
Price spread: −0.073% → −0.066%: −$0.77
Slippage, 4 orders: −$20.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$106.16
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 1 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 OKX live order book, 1 min ago	0.28 bp	10.1 bp −$10	25.0 bp −$250	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.05 bp	10.6 bp −$11	26.1 bp −$261	88.7 bp −$8,866	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	1,785.7	−0.043%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,783	−0.199%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,782.4	−0.229%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,783.4	−0.174%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,783	−0.196%	$13K	$29K	10x	as long as short
KuCoin XPTUSDTM	+0.0186%	4h	1,784.5	−0.110%	$239K	$42K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,802.2	+0.879%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0320%	1h	1,786.6	+0.006%	$355K	$24K	20x	as long as short
Paradex XPT-USD-PERP	+0.0387%	8h	1,784.5	−0.111%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0480%	1h	1,785.6	−0.049%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0644%	4h	1,787	+0.030%	$712K	$534K	100x	as long as short
Extended XPT-USD	+0.0696%	1h	1,783.5	−0.166%	$163K	$690K	10x	as long as short
Aster XPTUSDT	+0.0753%	4h	1,784.1	−0.132%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0772%	4h	1,785	−0.086%	$264K	$183K	—	as long as short
Binance XPTUSDT	+0.0822%	4h	1,785.7	−0.046%	$4.6M	$5.0M	100x	as long as short
MEXC XPT_USDT	+0.0836%	4h	1,785.6	−0.051%	$23.3M	$650K	100x	as long as short
Bitget XPTUSDTshort	+0.0872%	4h	1,785.2	−0.073%	$1.4M	$500K	100x
edgeX XPTUSDC	+0.0873%	4h	1,784.1	−0.135%	$39K	$280K	10x	as long as short
BloFin XPT-USDT	+0.0893%	4h	1,785.8	−0.040%	$96K	$69K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0978%	4h	1,783.1	−0.190%	$204K	$779K	25x	as long as short
OKX XPT-USDT-SWAPlong	+0.1172%	8h	1,786.5	long leg	$1.0M	$749K	50x