Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0267%/8h= +29.2% APRpaid last 24h +0.012%

Price spread now: MEXC against tradeXYZ+0.099%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.099%, 7d avg +0.111%

Together, before fees−0.100%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.111%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% 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	1,796	0.0471	pay 0.0059% / 1h	0m 03s	$3.6M	$979K	20x
Short	MEXC XPT_USDT	1,797.8	0.0738	get 0.0369% / 4h	1h 00m	$23.6M	$657K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.099%Rate

Funding earned: $56.07
Price spread: +0.099% → +0.111%: −$1.14
Slippage, 4 orders: −$27.87
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: $9.05
Costs to cover: 0.459%
Break-even: 5.9 days

Slippage from tradeXYZ: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago	1.95 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.06 bp	16.4 bp −$16	21.2 bp −$212	69.1 bp −$6,911	221.8 bp −$110.9K

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	1,798.3	+0.130%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.4	−0.088%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,795	−0.056%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.6	+0.031%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.1	+0.115%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.361%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0400%	4h	1,798.9	+0.161%	$638K	$438K	100x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0471%	1h	1,796	long leg	$3.6M	$979K	20x
KuCoin XPTUSDTM	+0.0584%	4h	1,799.4	+0.190%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0668%	4h	1,796.6	+0.032%	$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	+0.119%	$280K	$214K	—	as long as short
Paradex XPT-USD-PERP	+0.0692%	8h	1,797.6	+0.087%	$3K	—	5x	as long as short
MEXC XPT_USDTshort	+0.0738%	4h	1,797.8	+0.099%	$23.6M	$657K	100x
Binance XPTUSDT	+0.0740%	4h	1,798.1	+0.117%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0743%	4h	1,798.5	+0.140%	$39K	$283K	10x	as long as short
Extended XPT-USD	+0.0776%	1h	1,794.6	−0.080%	$204K	$619K	10x	as long as short
BloFin XPT-USDT	+0.0789%	4h	1,798.7	+0.151%	$89K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0840%	4h	1,797.4	+0.075%	$1.3M	$389K	100x	as long as short
Lighter XPT	+0.0872%	1h	1,798.5	+0.139%	$355K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0892%	8h	1,798.9	+0.161%	$938K	$561K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1160%	4h	1,797.8	+0.101%	$205K	$829K	25x	as long as short