Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0817%/8h= +89.4% APRpaid last 24h +0.064%

Price spread now: Bitget against tradeXYZ+0.080%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.080%, 7d avg +0.090%

Together, before fees−0.049%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% 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	tradeXYZ xyz:PLATINUM	1,790.6	0.0467	pay 0.0058% / 1h	9m 09s	$3.6M	$1.1M	20x
Short	Bitget XPTUSDT	1,792	0.1284	get 0.0642% / 4h	2h 09m	$1.4M	$505K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.080%Rate

Funding earned: $171.49
Price spread: +0.080% → +0.090%: −$1.04
Slippage, 4 orders: −$19.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: $121.43
Costs to cover: 0.490%
Break-even: 2.0 days

Slippage from tradeXYZ: live order book, 9 min ago; Bitget: live order book, 2 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 tradeXYZ live order book, 9 min ago	1.68 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.54 bp	9.6 bp −$10	33.1 bp −$331	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	1,793.9	+0.184%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,790.7	+0.005%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.2	+0.034%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.3	+0.095%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.905%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0467%	1h	1,790.6	long leg	$3.6M	$1.1M	20x
Aevo PLATINUM-PERP	+0.0536%	1h	1,794	+0.191%	$305	—	10x	as long as short
KuCoin XPTUSDTM	+0.0684%	4h	1,792.7	+0.118%	$247K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0715%	8h	1,793.9	+0.185%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0880%	4h	1,795	+0.243%	$723K	$537K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0960%	1h	1,790.2	−0.020%	$206K	$628K	10x	as long as short
Lighter XPT	+0.0968%	1h	1,794.2	+0.201%	$355K	$19K	20x	as long as short
Aster XPTUSDT	+0.1205%	4h	1,790.3	−0.018%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1220%	4h	1,792.8	+0.123%	$261K	$200K	—	as long as short
Binance XPTUSDT	+0.1270%	4h	1,792.9	+0.129%	$4.5M	$4.7M	100x	as long as short
MEXC XPT_USDT	+0.1272%	4h	1,791	+0.021%	$23.4M	$618K	100x	as long as short
Bitget XPTUSDTshort	+0.1284%	4h	1,792	+0.080%	$1.4M	$505K	100x
edgeX XPTUSDC	+0.1290%	4h	1,792.6	+0.109%	$39K	$281K	10x	as long as short
BloFin XPT-USDT	+0.1303%	4h	1,793.6	+0.169%	$93K	$69K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1327%	8h	1,794.1	+0.195%	$997K	$698K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1484%	4h	1,793.4	+0.159%	$206K	$808K	25x	as long as short