Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.048%

Price spread now: MEXC against OKX−0.105%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.105%, 7d avg −0.050%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.055% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPT-USDT-SWAP	1,793.6	0.1327	pay 0.1327% / 8h	2h 10m	$997K	$697K	50x
Short	MEXC XPT_USDT	1,791.7	0.1278	get 0.0639% / 4h	2h 10m	$23.5M	$618K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$10.39
Price spread: −0.105% → −0.050%: −$5.54
Slippage, 4 orders: −$28.4
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$54.34
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from OKX: live order book, 36 min ago; MEXC: live order book, 3 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, 36 min ago	0.28 bp	9.1 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	9.34 bp	9.3 bp −$9	12.2 bp −$122	55.4 bp −$5,540	214.3 bp −$107.1K

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	1,792	−0.089%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,790.5	−0.173%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,790.9	−0.151%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,791.7	−0.107%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.737%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0476%	1h	1,791.9	−0.095%	$3.6M	$1.1M	20x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,794.3	+0.038%	$305	—	10x	as long as short
KuCoin XPTUSDTM	+0.0690%	4h	1,793.6	−0.001%	$248K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0721%	8h	1,793.3	−0.015%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0882%	4h	1,795	+0.080%	$723K	$537K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0968%	1h	1,795.5	+0.106%	$355K	$19K	20x	as long as short
Extended XPT-USD	+0.0992%	1h	1,790.9	−0.151%	$206K	$628K	10x	as long as short
Aster XPTUSDT	+0.1211%	4h	1,791.5	−0.118%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1220%	4h	1,792.8	−0.045%	$261K	$200K	—	as long as short
BloFin XPT-USDT	+0.1250%	4h	1,793	−0.036%	$94K	$69K	100x	as long as short
Binance XPTUSDT	+0.1273%	4h	1,794	+0.022%	$4.5M	$4.7M	100x	as long as short
MEXC XPT_USDTshort	+0.1278%	4h	1,791.7	−0.105%	$23.5M	$618K	100x
Bitget XPTUSDT	+0.1290%	4h	1,793.3	−0.019%	$1.4M	$505K	100x	as long as short
edgeX XPTUSDC	+0.1297%	4h	1,790.1	−0.198%	$39K	$281K	10x	as long as short
OKX XPT-USDT-SWAPlong	+0.1327%	8h	1,793.6	long leg	$997K	$697K	50x
GRVT XPT_USDT_Perp	+0.1518%	4h	1,789	−0.257%	$206K	$808K	25x	as long as short