Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0127%/8h= +14.0% APRpaid last 24h +0.016%

Price spread now: Paradex against Injective−1.116%7-day average — · you buy dearer than you sell

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

Long on Injective 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

Funding pays, the price is against you. Paradex is 1.116% cheaper against Injective than usual: you would sell low and buy high (spread −1.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$112 on $10k: about 29 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,835.4	0.0220	pay 0.0028% / 1h	28m 41s	$6K	$34K	52x
Short	Paradex XPT-USD-PERP	1,814.9	0.0347	get 0.0347% / 8h	7h 28m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −1.116%Rate

Funding earned: $26.76
Price spread: −1.116% → 0.000%: −$111.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$88.87
Costs to cover: 0.040%
Break-even: 30.2 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective and 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	1,818.5	−0.919%	$10K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,812.9	−1.225%	$233	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,813.7	−1.182%	—	$50	25x	as long as short
Extended XPT-USD	+0.0088%	1h	1,811.8	−1.284%	$208K	$496K	10x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,812.1	−1.269%	$17K	$25K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,816.4	−1.037%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,816.5	−1.030%	$309	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0104%	1h	1,813.7	−1.182%	$3.6M	$1.1M	20x	as long as short
Variational Omni XPT	+0.0204%	4h	1,816.6	−1.023%	$288K	$326K	—	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,835.4	long leg	$6K	$34K	52x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0222%	4h	1,816.7	−1.017%	$679K	$358K	100x	as long as short
MEXC XPT_USDT	+0.0270%	4h	1,813.7	−1.181%	$23.9M	$671K	100x	as long as short
BloFin XPT-USDT	+0.0276%	4h	1,816.9	−1.009%	$86K	$64K	100x	as long as short
Binance XPTUSDT	+0.0279%	4h	1,815.3	−1.092%	$4.3M	$4.0M	100x	as long as short
edgeX XPTUSDC	+0.0280%	4h	1,816.6	−1.023%	$40K	$283K	10x	as long as short
Aster XPTUSDT	+0.0316%	4h	1,815.1	−1.104%	$15K	$12K	20x	as long as short
Paradex XPT-USD-PERPshort	+0.0347%	8h	1,814.9	−1.116%	$3K	—	5x
Bitget XPTUSDT	+0.0372%	4h	1,814.6	−1.135%	$1.3M	$337K	100x	as long as short
Lighter XPT	+0.0392%	1h	1,815.8	−1.067%	$359K	$16K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0642%	4h	1,816.4	−1.037%	$208K	$1.0M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0704%	8h	1,815.7	−1.073%	$907K	$542K	50x	as long as short