Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.059%

Price spread now: Bitget against tradeXYZ+0.087%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.087%, 7d avg +0.091%

Together, before fees−0.061%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$13 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 0.003% in total (about 0.2% 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	tradeXYZ xyz:PLATINUM	1,779.3	0.0050	pay 0.0006% / 1h	59m 18s	$3.6M	$1.1M	20x
Short	Bitget XPTUSDT	1,780.9	0.0486	get 0.0243% / 4h	3h 59m	$1.3M	$527K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.087%Rate

Funding earned: $91.56
Price spread: +0.087% → +0.091%: −$0.36
Slippage, 4 orders: −$20.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: $41.18
Costs to cover: 0.500%
Break-even: 3.9 days

Slippage from tradeXYZ: live order book, 9 min ago; Bitget: live order book, 2 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 tradeXYZ live order book, 9 min ago	1.97 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.27 bp	12.6 bp −$13	31.2 bp −$312	84.8 bp −$8,476	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	1,782.4	+0.173%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,778.9	−0.025%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,778.4	−0.051%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0050%	1h	1,779.3	long leg	$3.6M	$1.1M	20x
Pacifica PLATINUM	+0.0100%	1h	1,779.8	+0.027%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,781.1	+0.102%	$235K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0212%	8h	1,781.5	+0.126%	$3K	—	5x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+1.179%	$6K	$34K	52x	as long as short
Extended XPT-USD	+0.0240%	1h	1,779.2	−0.007%	$154K	$699K	10x	as long as short
Lighter XPT	+0.0264%	1h	1,781.6	+0.129%	$356K	$29K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0283%	4h	1,780.8	+0.083%	$245K	$206K	—	as long as short
Aster XPTUSDT	+0.0303%	4h	1,780.3	+0.056%	$15K	$10K	20x	as long as short
Aevo PLATINUM-PERP	+0.0320%	1h	1,781.5	+0.125%	$303	—	10x	as long as short
Binance XPTUSDT	+0.0354%	4h	1,781.1	+0.104%	$4.6M	$5.3M	100x	as long as short
MEXC XPT_USDT	+0.0362%	4h	1,781.1	+0.102%	$23.2M	$635K	100x	as long as short
BloFin XPT-USDT	+0.0388%	4h	1,782	+0.154%	$97K	$70K	100x	as long as short
edgeX XPTUSDC	+0.0408%	4h	1,783.2	+0.221%	$39K	$283K	10x	as long as short
Bitget XPTUSDTshort	+0.0486%	4h	1,780.9	+0.087%	$1.3M	$527K	100x
Gate XPT_USDT	+0.0544%	4h	1,781.9	+0.146%	$686K	$543K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0666%	4h	1,780.7	+0.079%	$206K	$782K	25x	as long as short
OKX XPT-USDT-SWAP	+0.0962%	8h	1,781.4	+0.118%	$1.0M	$795K	50x	as long as short