Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.019%

Price spread now: Pacifica against Gate−0.145%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Pacifica

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 airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.145% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPT_USDT	1,799.1	0.0394	pay 0.0197% / 4h	1h 07m	$638K	$437K	100x
Short	Pacifica PLATINUM	1,796.5	0.0100	get 0.0013% / 1h	7m 07s	$13K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.145%Rate

Funding earned: −$61.74
Price spread: −0.145% → 0.000%: −$14.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$99.19
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 54 min ago; Pacifica: 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 Gate live order book, 54 min ago	2.44 bp	16.6 bp −$17	21.8 bp −$218	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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-USDT	0.0000%	4h	1,798.7	−0.024%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.2	−0.275%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.8	−0.239%	—	$50	25x	as long as short
Pacifica PLATINUMshort	+0.0100%	1h	1,796.5	−0.145%	$13K	$28K	10x
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.2	−0.051%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.186%	$6K	$34K	52x	as long as short
Gate XPT_USDTlong	+0.0394%	4h	1,799.1	long leg	$638K	$437K	100x
tradeXYZ xyz:PLATINUM	+0.0490%	1h	1,796.1	−0.167%	$3.6M	$979K	20x	as long as short
KuCoin XPTUSDTM	+0.0552%	4h	1,799.9	+0.042%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0651%	4h	1,796.2	−0.162%	$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	+0.0655%	4h	1,797.5	−0.087%	$279K	$217K	—	as long as short
Paradex XPT-USD-PERP	+0.0674%	8h	1,797.3	−0.100%	$3K	—	5x	as long as short
BloFin XPT-USDT	+0.0718%	4h	1,798.2	−0.052%	$85K	$68K	100x	as long as short
MEXC XPT_USDT	+0.0724%	4h	1,797.8	−0.075%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0727%	4h	1,797.8	−0.070%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0727%	4h	1,797.8	−0.073%	$39K	$282K	10x	as long as short
Extended XPT-USD	+0.0768%	1h	1,794.1	−0.277%	$204K	$620K	10x	as long as short
Bitget XPTUSDT	+0.0818%	4h	1,797.4	−0.093%	$1.3M	$389K	100x	as long as short
Lighter XPT	+0.0872%	1h	1,798.7	−0.022%	$355K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0876%	8h	1,799.7	+0.033%	$938K	$563K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1148%	4h	1,797.5	−0.088%	$205K	$829K	25x	as long as short