Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.1% APRpaid last 24h +0.087%

Price spread now: OKX against MEXC+0.210%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.210%, 7d avg +0.049%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.162% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPT_USDT	1,794.4	0.0892	pay 0.0446% / 4h	11m 53s	$23.6M	$646K	100x
Short	OKX XPT-USDT-SWAP	1,798.2	0.1020	get 0.1020% / 8h	4h 11m	$942K	$614K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.210%Rate

Funding earned: $26.96
Price spread: +0.210% → +0.049%: $16.15
Slippage, 4 orders: −$37.01
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.9
Costs to cover: 0.470%
Break-even: 8.0 days

Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 44 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 MEXC live order book, 2 min ago	13.37 bp	13.4 bp −$13	16.3 bp −$163	77.1 bp −$7,714	225.0 bp −$112.5K
Sell OKX live order book, 44 min ago	0.28 bp	11.7 bp −$12	27.3 bp −$273	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	1,797	+0.145%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.7	−0.151%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793	−0.080%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.2	−0.125%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0200%	1h	1,797.4	+0.164%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,818	+1.312%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0451%	1h	1,794.8	+0.021%	$3.6M	$996K	20x	as long as short
Gate XPT_USDT	+0.0502%	4h	1,798	+0.197%	$733K	$504K	100x	as long as short
KuCoin XPTUSDTM	+0.0734%	4h	1,797.6	+0.176%	$249K	$40K	75x	as long as short
Variational Omni XPT	+0.0823%	4h	1,798.9	+0.250%	$279K	$207K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPT-USD-PERP	+0.0828%	8h	1,797.2	+0.155%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0839%	4h	1,797	+0.143%	$14K	$9K	20x	as long as short
edgeX XPTUSDC	+0.0856%	4h	1,797.1	+0.151%	$39K	$283K	10x	as long as short
MEXC XPT_USDTlong	+0.0892%	4h	1,794.4	long leg	$23.6M	$646K	100x
Binance XPTUSDT	+0.0904%	4h	1,796.6	+0.122%	$4.5M	$4.3M	100x	as long as short
Extended XPT-USD	+0.0920%	1h	1,791.9	−0.141%	$207K	$612K	10x	as long as short
BloFin XPT-USDT	+0.0924%	4h	1,797.7	+0.182%	$89K	$68K	100x	as long as short
Lighter XPT	+0.0968%	1h	1,798.2	+0.210%	$355K	$16K	20x	as long as short
Bitget XPTUSDT	+0.1010%	4h	1,796	+0.085%	$1.3M	$452K	100x	as long as short
OKX XPT-USDT-SWAPshort	+0.1020%	8h	1,798.2	+0.210%	$942K	$614K	50x
GRVT XPT_USDT_Perp	+0.1252%	4h	1,796.6	+0.120%	$204K	$813K	25x	as long as short