Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0646%/8h= −70.7% APRpaid last 24h −0.080%

Price spread now: gTrade (Gains Network) against MEXC−0.109%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and gTrade (Gains Network) is 0.109% cheaper against MEXC than usual: you would sell low and buy high (−$11 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	MEXC XPT_USDT	1,787.3	0.0652	pay 0.0326% / 4h	32m 47s	$23.3M	$651K	100x
Short	gTrade (Gains Network) XPT/USD	1,785.4	L +0.0006% / S −0.0006%	get 0.0001% / 1h	32m 47s	$229	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.109%Rate

Funding earned: −$135.67
Price spread: −0.109% → 0.000%: −$10.85
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$156.52
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; gTrade (Gains Network): 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 MEXC live order book, 1 min ago	2.94 bp	2.9 bp −$3	5.4 bp −$54	61.0 bp −$6,099	247.8 bp −$123.9K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	1,788.5	+0.068%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,785.4	−0.109%	$229	—	150x
Vest PL-PERP	+0.0046%	1h	1,784.9	−0.134%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,786.4	−0.050%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,785.5	−0.103%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,787.9	+0.031%	$239K	$40K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.6	+0.913%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0312%	1h	1,789	+0.095%	$356K	$24K	20x	as long as short
Paradex XPT-USD-PERP	+0.0312%	8h	1,787.7	+0.022%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0432%	1h	1,788.1	+0.043%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0573%	4h	1,785.8	−0.081%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0619%	4h	1,786.4	−0.052%	$237K	$201K	—	as long as short
Gate XPT_USDT	+0.0628%	4h	1,789.1	+0.100%	$701K	$541K	100x	as long as short
Binance XPTUSDT	+0.0641%	4h	1,787.6	+0.018%	$4.7M	$5.0M	100x	as long as short
MEXC XPT_USDTlong	+0.0652%	4h	1,787.3	long leg	$23.3M	$651K	100x
Extended XPT-USD	+0.0680%	1h	1,784.9	−0.133%	$154K	$699K	10x	as long as short
BloFin XPT-USDT	+0.0684%	4h	1,788	+0.037%	$96K	$69K	100x	as long as short
edgeX XPTUSDC	+0.0696%	4h	1,787.4	+0.004%	$39K	$281K	10x	as long as short
Bitget XPTUSDT	+0.0714%	4h	1,785.9	−0.081%	$1.4M	$494K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0840%	4h	1,788.1	+0.044%	$205K	$774K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1101%	8h	1,787.8	+0.028%	$1.0M	$750K	50x	as long as short