XPT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.138%

7d average—if it closes, per $10,000$14funding while held, a day−$5.99

Long on Variational Omni Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,806.9	0.0206	pay 0.0103% / 4h	1h 46m	$282K	$307K	—
Short	gTrade (Gains Network) XPT/USD	1,804.5	L +0.0006% / S −0.0006%	get 0.0001% / 1h	46m 26s	$231	—	150x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee gTrade (Gains Network)bpOrdersClose when spread is

Spread captured: −$13.75
Funding while held: −$5.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.74
Spread needed to break even: 0.100%

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0200%
Per $10,000 a day: −$5.99
Average in range /8h: —

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 Variational Omni RFQ quote, 54 min ago	2.58 bp	doesn't fit	38.7 bp −$387	doesn't fit	doesn't fit
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 price on every exchange

against the cheapest. Click to use as the short leg.

Pacifica1,804.4cheapest Aster1,804.5+0.002%

gTrade (Gains Network)1,804.5+0.002%

Extended1,805+0.033%tradeXYZ1,805.2+0.043%Vest1,805.2+0.043%MEXC1,806.4+0.107%KuCoin1,806.6+0.123%Aevo1,806.8+0.130%Bitget1,806.9+0.138%

Variational Omni1,806.9+0.140%

HTX1,807.1+0.151%Binance1,807.3+0.162%Gate1,807.4+0.163%Paradex1,807.4+0.168%edgeX1,807.6+0.175%BloFin1,807.6+0.175%OKX1,808.1+0.204%Lighter1,808.2+0.210%

Injective1,982+9.842%

XPT on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica PLATINUM	−0.140%	+0.0100%	1h	$13K	$19K	10x	as long as short
Aster XPTUSDT	−0.138%	+0.0276%	4h	$12K	$27K	20x	as long as short
gTrade (Gains Network) XPT/USDshort	−0.138%	L +0.0006% / S −0.0006%	1h	$231	—	150x
Extended XPT-USD	−0.107%	+0.0032%	1h	$197K	$428K	10x	as long as short
tradeXYZ xyz:PLATINUM	−0.097%	+0.0078%	1h	$3.6M	$1.4M	20x	as long as short
Vest PL-PERP	−0.097%	+0.0046%	1h	—	$50	25x	as long as short
MEXC XPT_USDT	−0.033%	+0.0292%	4h	$24.1M	$612K	100x	as long as short
KuCoin XPTUSDTM	−0.017%	+0.0100%	4h	$201K	$55K	75x	as long as short
Aevo PLATINUM-PERP	−0.011%	+0.0104%	1h	$307	$54	10x	as long as short
Bitget XPTUSDT	−0.003%	+0.0558%	4h	$1.2M	$400K	100x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni XPTlong	0.000%	+0.0206%	4h	$282K	$307K	—
HTX XPT-USDT	+0.011%	0.0000%	4h	$11K	$36K	30x	as long as short
Binance XPTUSDT	+0.022%	+0.0292%	4h	$4.3M	$4.3M	100x	as long as short
Gate XPT_USDT	+0.023%	+0.0300%	4h	$652K	$401K	100x	as long as short
Paradex XPT-USD-PERP	+0.027%	+0.0362%	8h	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.035%	+0.0290%	4h	$39K	$283K	10x	as long as short
BloFin XPT-USDT	+0.035%	+0.0306%	4h	$88K	$59K	100x	as long as short
OKX XPT-USDT-SWAP	+0.064%	+0.0592%	8h	$924K	$654K	50x	as long as short
Lighter XPT	+0.069%	+0.0376%	1h	$355K	$15K	20x	as long as short
Injective XPT/USDC PERP	+9.688%	+0.0220%	1h	$7K	$34K	52x	as long as short