Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h +0.043%

Price spread now: tradeXYZ against HTX−0.119%7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.119% cheaper against HTX than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 22 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPT-USDT	1,795.5	0	get 0.0000% / 4h	3h 37m	$11K	$38K	30x
Short	tradeXYZ xyz:PLATINUM	1,793.4	0.0425	get 0.0053% / 1h	37m 15s	$3.6M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.119%Rate

Funding earned: $89.33
Price spread: −0.119% → 0.000%: −$11.86
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $47.47
Costs to cover: 0.300%
Break-even: 3.3 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 1 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 1 min ago	1.12 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit

HTX: 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-USDTlong	0.0000%	4h	1,795.5	long leg	$11K	$38K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.4	−0.229%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.8	−0.208%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,790.9	−0.260%	$13K	$30K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.7	+1.009%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0304%	1h	1,795.9	+0.018%	$305	—	10x	as long as short
tradeXYZ xyz:PLATINUMshort	+0.0425%	1h	1,793.4	−0.119%	$3.6M	$1.0M	20x
KuCoin XPTUSDTM	+0.0702%	4h	1,793.9	−0.094%	$248K	$40K	75x	as long as short
Gate XPT_USDT	+0.0740%	4h	1,795.9	+0.018%	$730K	$509K	100x	as long as short
Paradex XPT-USD-PERP	+0.0828%	8h	1,795	−0.028%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0840%	1h	1,796.6	+0.060%	$355K	$19K	20x	as long as short
Aster XPTUSDT	+0.0998%	4h	1,793.2	−0.128%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.0999%	4h	1,794.5	−0.059%	$280K	$199K	—	as long as short
BloFin XPT-USDT	+0.1045%	4h	1,794.5	−0.055%	$90K	$68K	100x	as long as short
edgeX XPTUSDC	+0.1057%	4h	1,794.5	−0.055%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.1058%	4h	1,794	−0.085%	$23.5M	$600K	100x	as long as short
Binance XPTUSDT	+0.1061%	4h	1,795.5	−0.002%	$4.5M	$4.3M	100x	as long as short
OKX XPT-USDT-SWAP	+0.1130%	8h	1,794.9	−0.035%	$950K	$628K	50x	as long as short
Extended XPT-USD	+0.1136%	1h	1,791.4	−0.232%	$203K	$613K	10x	as long as short
Bitget XPTUSDT	+0.1142%	4h	1,794.1	−0.079%	$1.4M	$469K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1346%	4h	1,794.2	−0.073%	$205K	$814K	25x	as long as short