Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0974%/8h= −106.7% APRpaid last 24h −0.129%

Price spread now: gTrade (Gains Network) against OKX−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and gTrade (Gains Network) is 0.105% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPT-USDT-SWAP	1,783.3	0.0980	pay 0.0980% / 8h	3m 13s	$1.0M	$790K	50x
Short	gTrade (Gains Network) XPT/USD	1,781.4	L +0.0006% / S −0.0006%	get 0.0001% / 1h	3m 13s	$229	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.105%Rate

Funding earned: −$204.55
Price spread: −0.105% → 0.000%: −$10.49
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$235.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 3 min ago	0.28 bp	10.1 bp −$10	25.8 bp −$258	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,782.8	−0.027%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,781.4	−0.105%	$229	—	150x
Vest PL-PERP	+0.0046%	1h	1,780.6	−0.151%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,781.5	−0.101%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.3	−0.115%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,783.5	+0.011%	$235K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0218%	8h	1,783	−0.014%	$3K	—	5x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+0.952%	$6K	$34K	52x	as long as short
Extended XPT-USD	+0.0264%	1h	1,781.6	−0.097%	$154K	$697K	10x	as long as short
Lighter XPT	+0.0312%	1h	1,784.3	+0.056%	$356K	$30K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0327%	4h	1,782.7	−0.032%	$15K	$10K	20x	as long as short
BloFin XPT-USDT	+0.0328%	4h	1,784	+0.039%	$97K	$70K	100x	as long as short
Variational Omni XPT	+0.0331%	4h	1,782.9	−0.021%	$245K	$206K	—	as long as short
Aevo PLATINUM-PERP	+0.0336%	1h	1,783.5	+0.010%	$303	—	10x	as long as short
Binance XPTUSDT	+0.0383%	4h	1,783.8	+0.029%	$4.6M	$5.2M	100x	as long as short
MEXC XPT_USDT	+0.0392%	4h	1,783.5	+0.008%	$23.3M	$653K	100x	as long as short
edgeX XPTUSDC	+0.0443%	4h	1,782.8	−0.030%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.0510%	4h	1,781.6	−0.094%	$1.3M	$526K	100x	as long as short
Gate XPT_USDT	+0.0550%	4h	1,784.4	+0.062%	$687K	$556K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0692%	4h	1,782.8	−0.030%	$204K	$777K	25x	as long as short
OKX XPT-USDT-SWAPlong	+0.0980%	8h	1,783.3	long leg	$1.0M	$790K	50x