Funding you earn now, next payment 05:00 UTC+0.0711%/8h= +77.9% APRnext payment +$0.89 per $10,000 · paid last 24h +0.010%
Price spread now: Extended against tradeXYZ−0.106%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.106%, 7d avg +0.047%
=Together, before fees+0.091%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.153% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.047%). If the spread goes back, that is −$15 on $10k: about 17 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.009% in total) that is about 4 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 per $10,000. 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 | 1,793.6 | 0.0425 | pay 0.0053% / 1h | 36m 46s | $3.6M | $1.0M | 20x |
| Short | Extended XPT-USD | 1,791.7 | 0.1136 | get 0.0142% / 1h | 36m 46s | $203K | $613K | 10x |
tradeXYZ xyz:PLATINUM
Extended XPT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $149.3
- Price spread: −0.106% → +0.047%
- −$15.35
- Slippage, 4 orders
- −$22.07
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $88.89
- Costs to cover
- 0.451%
- Break-even
- 2.8 days
Slippage from tradeXYZ: live order book, 1 min ago; Extended: live order book, 16 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, 1 min ago | 1.12 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 16 min ago | 0.84 bp | 9.6 bp −$10 | 66.3 bp −$663 | 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 | 1,795.5 | +0.108% | $11K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,791.4 | −0.122% | $230 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,791.8 | −0.100% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,790.9 | −0.152% | $13K | $30K | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,813.7 | +1.118% | $6K | $34K | 52x | as long as short |
| Aevo PLATINUM-PERP | +0.0304% | 1h | 1,795.9 | +0.126% | $305 | — | 10x | as long as short |
| tradeXYZ xyz:PLATINUMlong | +0.0425% | 1h | 1,793.6 | long leg | $3.6M | $1.0M | 20x | |
| KuCoin XPTUSDTM | +0.0702% | 4h | 1,793.9 | +0.014% | $248K | $40K | 75x | as long as short |
| Gate XPT_USDT | +0.0740% | 4h | 1,795.9 | +0.125% | $730K | $509K | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0828% | 8h | 1,795 | +0.080% | $3K | — | 5x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
Injective XPT/USDC PERP
Aevo PLATINUM-PERP
KuCoin XPTUSDTM
Gate XPT_USDT
Paradex XPT-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XPT | +0.0840% | 1h | 1,796.6 | +0.167% | $355K | $19K | 20x | as long as short |
| Aster XPTUSDT | +0.0998% | 4h | 1,793.2 | −0.021% | $14K | $9K | 20x | as long as short |
| Variational Omni XPT | +0.0999% | 4h | 1,794.5 | +0.048% | $280K | $199K | — | as long as short |
| BloFin XPT-USDT | +0.1045% | 4h | 1,794.5 | +0.052% | $90K | $68K | 100x | as long as short |
| edgeX XPTUSDC | +0.1057% | 4h | 1,794.5 | +0.053% | $39K | $282K | 10x | as long as short |
| MEXC XPT_USDT | +0.1058% | 4h | 1,793.8 | +0.012% | $23.5M | $600K | 100x | as long as short |
| Binance XPTUSDT | +0.1061% | 4h | 1,795.5 | +0.103% | $4.5M | $4.3M | 100x | as long as short |
| OKX XPT-USDT-SWAP | +0.1130% | 8h | 1,794.9 | +0.072% | $950K | $628K | 50x | as long as short |
| Extended XPT-USDshort | +0.1136% | 1h | 1,791.7 | −0.106% | $203K | $613K | 10x | |
| Bitget XPTUSDT | +0.1142% | 4h | 1,794.1 | +0.028% | $1.4M | $469K | 100x | as long as short |
| GRVT XPT_USDT_Perp | +0.1346% | 4h | 1,794.2 | +0.034% | $205K | $814K | 25x | as long as short |
Lighter XPT
Aster XPTUSDT
Variational Omni XPT
BloFin XPT-USDT
edgeX XPTUSDC
MEXC XPT_USDT
Binance XPTUSDT
OKX XPT-USDT-SWAP
Bitget XPTUSDT
GRVT XPT_USDT_Perp