Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.033%

Price spread now: Paradex against Gate+0.064%45s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Paradex is 0.064% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPT_USDT	1,811.1	0.0182	pay 0.0091% / 4h	2h 42m	$637K	$403K	100x
Short	Paradex XPT-USD-PERP	1,812.2	0.0371	get 0.0371% / 8h	6h 42m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now +0.064%Rate

Funding earned: $39.74
Price spread: +0.064% → 0.000%: $6.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: $27.17
Costs to cover: 0.190%
Break-even: 2.2 days

Slippage unknown: Gate: live order book, 23 min ago; Paradex: 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 Gate live order book, 23 min ago	0.52 bp	16.2 bp −$16	33.3 bp −$333	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	1,811.3	+0.015%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,807.6	−0.191%	$232	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,808.4	−0.146%	—	$50	25x	as long as short
Extended XPT-USD	+0.0088%	1h	1,805.9	−0.284%	$205K	$614K	10x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,810.8	−0.017%	$17K	$25K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,809.9	−0.065%	$201K	$17K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,811.6	+0.031%	$308	—	10x	as long as short
Gate XPT_USDTlong	+0.0182%	4h	1,811.1	long leg	$637K	$403K	100x
Injective XPT/USDC PERP	+0.0220%	1h	1,834	+1.267%	$6K	$34K	52x	as long as short
Variational Omni XPT	+0.0229%	4h	1,813.8	+0.150%	$287K	$227K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPT-USDT	+0.0279%	4h	1,814.9	+0.211%	$85K	$69K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0283%	1h	1,808.9	−0.119%	$3.6M	$1.0M	20x	as long as short
edgeX XPTUSDC	+0.0308%	4h	1,813.4	+0.128%	$40K	$283K	10x	as long as short
MEXC XPT_USDT	+0.0308%	4h	1,808	−0.170%	$23.8M	$656K	100x	as long as short
Binance XPTUSDT	+0.0319%	4h	1,809.4	−0.089%	$4.2M	$3.9M	100x	as long as short
Aster XPTUSDT	+0.0326%	4h	1,810	−0.056%	$15K	$10K	20x	as long as short
Paradex XPT-USD-PERPshort	+0.0371%	8h	1,812.2	+0.064%	$3K	—	5x
Bitget XPTUSDT	+0.0414%	4h	1,809.2	−0.104%	$1.3M	$360K	100x	as long as short
Lighter XPT	+0.0608%	1h	1,811.8	+0.041%	$358K	$14K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0683%	8h	1,810.1	−0.052%	$907K	$519K	50x	as long as short
GRVT XPT_USDT_Perp	+0.0712%	4h	1,811.2	+0.009%	$207K	$985K	25x	as long as short