Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0477%/8hpaid last 24h −0.037%

Price spread now: Gate against OKX+0.008%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.008%, 7d avg −0.019%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.027% dearer against OKX than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.192% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.192% in total (about -10.0% 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	OKX XPT-USDT-SWAP	1,810.9	0.0785	pay 0.0785% / 8h	4h 04m	$920K	$672K	50x
Short	Gate XPT_USDT	1,811.1	0.0308	get 0.0154% / 4h	4m 50s	$707K	$436K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: −$100.21
Price spread: +0.008% → −0.019%: $2.73
Slippage, 4 orders: −$26.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$149.33
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from OKX: live order book, 25 min ago; Gate: live order book, 26 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 OKX live order book, 25 min ago	0.28 bp	9.9 bp −$10	26.3 bp −$263	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	0.03 bp	15.9 bp −$16	20.7 bp −$207	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	1,810.5	−0.020%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,807.4	−0.196%	$232	—	150x	as long as short
Extended XPT-USD	+0.0032%	1h	1,807.5	−0.189%	$199K	$443K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,807.8	−0.171%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,806.8	−0.228%	$17K	$22K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,811.4	+0.029%	$201K	$55K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,810.4	−0.026%	$308	$54	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0181%	1h	1,809.3	−0.088%	$3.6M	$1.4M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,832.1	+1.172%	$6K	$34K	52x	as long as short
Variational Omni XPT	+0.0243%	4h	1,810.5	−0.021%	$282K	$325K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPTUSDC	+0.0298%	4h	1,810.6	−0.016%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.0300%	4h	1,807.4	−0.194%	$24.2M	$616K	100x	as long as short
Binance XPTUSDT	+0.0302%	4h	1,810.5	−0.023%	$4.3M	$4.4M	100x	as long as short
Gate XPT_USDTshort	+0.0308%	4h	1,811.1	+0.008%	$707K	$436K	100x
Aster XPTUSDT	+0.0316%	4h	1,808.8	−0.114%	$12K	$27K	20x	as long as short
BloFin XPT-USDT	+0.0352%	4h	1,810.4	−0.027%	$87K	$62K	100x	as long as short
Paradex XPT-USD-PERP	+0.0362%	8h	1,810.4	−0.030%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0576%	4h	1,810.1	−0.047%	$1.2M	$405K	100x	as long as short
Lighter XPT	+0.0584%	1h	1,812	+0.061%	$358K	$21K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0732%	4h	1,810.3	−0.031%	$206K	$1.3M	25x	as long as short
OKX XPT-USDT-SWAPlong	+0.0785%	8h	1,810.9	long leg	$920K	$672K	50x