Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h +0.006%

Price spread now: Binance against Extended+0.111%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now +0.111%, 7d avg +0.073%

Together, before fees+0.179%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.037% dearer against Extended than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.073%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.074% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPT-USD	1,798.2	0.0168	pay 0.0021% / 1h	4m 35s	$154K	$685K	10x
Short	Binance XPTUSDT	1,800.2	0	get 0.0000% / 4h	1h 04m	$4.7M	$6.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.111%Rate

Funding earned: −$35.28
Price spread: +0.111% → +0.073%: $3.72
Slippage, 4 orders: −$26.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.67
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; Binance: live order book, 12 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 Extended live order book, 41 min ago	1.12 bp	12.7 bp −$13	37.1 bp −$371	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.03 bp	11.1 bp −$11	23.6 bp −$236	121.9 bp −$12.2K	doesn't fit

XPT on 21 exchanges

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
Aster XPTUSDT	0.0000%	4h	1,799.6	+0.077%	$14K	$10K	20x	as long as short
Binance XPTUSDTshort	0.0000%	4h	1,800.2	+0.111%	$4.7M	$6.0M	100x
MEXC XPT_USDT	0.0000%	4h	1,800.2	+0.111%	$23.1M	$726K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,798.4	+0.013%	$252K	$189K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,798.9	+0.040%	$10K	$39K	30x	as long as short
edgeX XPTUSDC	+0.0004%	4h	1,797.5	−0.037%	$39K	$281K	10x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,798	−0.012%	$231	—	150x	as long as short
Bitget XPTUSDT	+0.0040%	4h	1,799.2	+0.055%	$1.3M	$627K	100x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796	−0.123%	—	—	25x	as long as short
BloFin XPT-USDT	+0.0047%	4h	1,799.2	+0.055%	$88K	$77K	100x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:PLATINUM	+0.0055%	1h	1,797.9	−0.017%	$3.4M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,798.5	+0.018%	$14K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,799.2	+0.053%	$237K	$41K	75x	as long as short
Gate XPT_USDT	+0.0104%	4h	1,800.6	+0.132%	$645K	$597K	100x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.4	+0.008%	$306	—	10x	as long as short
Paradex XPT-USD-PERP	+0.0124%	8h	1,799.7	+0.083%	$3K	—	5x	as long as short
GRVT XPT_USDT_Perp	+0.0156%	4h	1,796.8	−0.079%	$205K	$794K	25x	as long as short
Extended XPT-USDlong	+0.0168%	1h	1,798.2	long leg	$154K	$685K	10x
Injective XPT/USDC PERP	+0.0220%	1h	1,811.1	+0.719%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0328%	1h	1,800.1	+0.105%	$360K	$51K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0406%	8h	1,800.3	+0.116%	$921K	$1.1M	50x	as long as short