Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0642%/8h= +70.3% APRpaid last 24h +0.055%

Price spread now: OKX against Extended+0.169%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.169%, 7d avg +0.103%

Together, before fees+0.036%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and OKX is 0.066% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.103%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% 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	Extended XPT-USD	1,780.7	0.0640	pay 0.0080% / 1h	39m 09s	$201K	$629K	10x
Short	OKX XPT-USDT-SWAP	1,783.7	0.1282	get 0.1282% / 8h	1h 39m	$1.0M	$739K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $134.88
Price spread: +0.169% → +0.103%: $6.61
Slippage, 4 orders: −$24.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $101.85
Costs to cover: 0.397%
Break-even: 1.7 days

Slippage from Extended: live order book, 4 min ago; OKX: live order book, 2 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, 4 min ago	1.40 bp	10.7 bp −$11	41.6 bp −$416	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.84 bp	10.0 bp −$10	27.2 bp −$272	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	1,783.5	+0.157%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781	+0.016%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781	+0.017%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.4	+0.041%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0168%	1h	1,780.9	+0.011%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,809.9	+1.639%	$6K	$34K	52x	as long as short
KuCoin XPTUSDTM	+0.0510%	4h	1,784.3	+0.201%	$238K	$42K	75x	as long as short
Aevo PLATINUM-PERP	+0.0528%	1h	1,784.7	+0.223%	$303	—	10x	as long as short
Paradex XPT-USD-PERP	+0.0555%	8h	1,784	+0.187%	$3K	—	5x	as long as short
Extended XPT-USDlong	+0.0640%	1h	1,780.7	long leg	$201K	$629K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0680%	1h	1,785.6	+0.275%	$353K	$18K	20x	as long as short
Gate XPT_USDT	+0.0774%	4h	1,785.3	+0.259%	$719K	$537K	100x	as long as short
Aster XPTUSDT	+0.1040%	4h	1,784	+0.183%	$15K	$10K	20x	as long as short
BloFin XPT-USDT	+0.1055%	4h	1,784.3	+0.200%	$96K	$69K	100x	as long as short
Variational Omni XPT	+0.1062%	4h	1,785.2	+0.256%	$260K	$192K	—	as long as short
Binance XPTUSDT	+0.1106%	4h	1,783.7	+0.170%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1112%	4h	1,783	+0.132%	$23.3M	$637K	100x	as long as short
Bitget XPTUSDT	+0.1136%	4h	1,783	+0.128%	$1.4M	$514K	100x	as long as short
edgeX XPTUSDC	+0.1144%	4h	1,785.1	+0.245%	$39K	$281K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1214%	4h	1,784.7	+0.225%	$205K	$799K	25x	as long as short
OKX XPT-USDT-SWAPshort	+0.1282%	8h	1,783.7	+0.169%	$1.0M	$739K	50x