Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0474%/8h= −51.9% APRpaid last 24h −0.032%

Price spread now: HTX against tradeXYZ+0.160%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.160% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLATINUM	1,796.1	0.0474	pay 0.0059% / 1h	0m 43s	$3.6M	$979K	20x
Short	HTX XPT-USDT	1,799	0	get 0.0000% / 4h	1h 00m	$10K	$38K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$99.52
Price spread: +0.160% → 0.000%: $16.03
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$113.48
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; HTX: 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 tradeXYZ live order book, 7 min ago	1.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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-USDTshort	0.0000%	4h	1,799	+0.160%	$10K	$38K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.9	−0.070%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,795.2	−0.050%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.6	+0.025%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.5	+0.132%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.355%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0400%	4h	1,798.9	+0.155%	$638K	$438K	100x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0474%	1h	1,796.1	long leg	$3.6M	$979K	20x
KuCoin XPTUSDTM	+0.0580%	4h	1,799.9	+0.213%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0668%	4h	1,796.9	+0.047%	$14K	$10K	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	+0.0678%	4h	1,798.1	+0.113%	$280K	$214K	—	as long as short
Paradex XPT-USD-PERP	+0.0693%	8h	1,798.5	+0.133%	$3K	—	5x	as long as short
MEXC XPT_USDT	+0.0736%	4h	1,797.8	+0.093%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0740%	4h	1,797.8	+0.096%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0743%	4h	1,798.5	+0.134%	$39K	$283K	10x	as long as short
Extended XPT-USD	+0.0776%	1h	1,794.7	−0.075%	$204K	$619K	10x	as long as short
BloFin XPT-USDT	+0.0789%	4h	1,798.7	+0.145%	$89K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0840%	4h	1,797.3	+0.069%	$1.3M	$389K	100x	as long as short
Lighter XPT	+0.0872%	1h	1,798.8	+0.150%	$355K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0890%	8h	1,798.9	+0.156%	$938K	$561K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1160%	4h	1,797.8	+0.096%	$205K	$829K	25x	as long as short