Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h −0.052%

Price spread now: edgeX against OKX−0.046%91s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.344% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.046%, 7d avg −0.049%

Together, before fees−0.081%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.2% 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	1,788.2	0.1098	pay 0.1098% / 8h	32m 07s	$1.0M	$752K	50x
Short	edgeX XPTUSDC	1,787.4	0.0696	get 0.0348% / 4h	32m 07s	$39K	$281K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$84.55
Price spread: −0.046% → −0.049%: $0.28
Slippage, 4 orders: −$15.42
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$118.69
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 6 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, 4 min ago	0.28 bp	10.2 bp −$10	27.8 bp −$278	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	1.03 bp	6.4 bp −$6	136.0 bp −$1,360	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	1,788.5	+0.017%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,785.4	−0.159%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,785.2	−0.168%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,786.1	−0.117%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,785.5	−0.151%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,788.1	−0.007%	$239K	$40K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.6	+0.862%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0304%	1h	1,788.5	+0.017%	$356K	$24K	20x	as long as short
Paradex XPT-USD-PERP	+0.0310%	8h	1,788	−0.012%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0424%	1h	1,788	−0.011%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0573%	4h	1,786.1	−0.120%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0619%	4h	1,786.4	−0.103%	$237K	$201K	—	as long as short
Gate XPT_USDT	+0.0630%	4h	1,789.4	+0.064%	$701K	$541K	100x	as long as short
Binance XPTUSDT	+0.0634%	4h	1,787.9	−0.016%	$4.7M	$5.0M	100x	as long as short
MEXC XPT_USDT	+0.0640%	4h	1,787.6	−0.032%	$23.3M	$651K	100x	as long as short
Extended XPT-USD	+0.0672%	1h	1,785.3	−0.160%	$154K	$699K	10x	as long as short
BloFin XPT-USDT	+0.0684%	4h	1,788	−0.013%	$96K	$69K	100x	as long as short
edgeX XPTUSDCshort	+0.0696%	4h	1,787.4	−0.046%	$39K	$281K	10x
Bitget XPTUSDT	+0.0708%	4h	1,785.9	−0.128%	$1.4M	$494K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0840%	4h	1,788.1	−0.006%	$205K	$774K	25x	as long as short
OKX XPT-USDT-SWAPlong	+0.1098%	8h	1,788.2	long leg	$1.0M	$752K	50x