Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.098%

Price spread now: OKX against tradeXYZ+0.161%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

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

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.161%, 7d avg +0.147%

Together, before fees+0.112%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.147%, 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 0.111% in total (about 5.8% 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	59m 48s	$3.6M	$979K	20x
Short	OKX XPT-USDT-SWAP	1,798.9	0.0892	get 0.0892% / 8h	4h 59m	$938K	$561K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $88.34
Price spread: +0.161% → +0.147%: $1.42
Slippage, 4 orders: −$17.87
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: $43.89
Costs to cover: 0.459%
Break-even: 3.5 days

Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 61 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 OKX live order book, 61 min ago	0.28 bp	9.1 bp −$9	26.4 bp −$264	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	1,798.3	+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	1,799.5	+0.194%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0668%	4h	1,796.4	+0.023%	$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_USDT	+0.0738%	4h	1,797.8	+0.102%	$23.6M	$657K	100x	as long as short
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	1,794.7	−0.071%	$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	+0.078%	$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-SWAPshort	+0.0892%	8h	1,798.9	+0.161%	$938K	$561K	50x
GRVT XPT_USDT_Perp	+0.1160%	4h	1,797.8	+0.101%	$205K	$829K	25x	as long as short