Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.047%

Price spread now: Bitget against Paradex−0.038%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bitget

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. Bitget is 0.038% cheaper against Paradex than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,782.2	0.0179	pay 0.0179% / 8h	7h 45m	$3K	—	5x
Short	Bitget XPTUSDT	1,781.5	0.0392	get 0.0196% / 4h	3h 45m	$1.3M	$533K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now −0.038%Rate

Funding earned: $44.67
Price spread: −0.038% → 0.000%: −$3.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $24.88
Costs to cover: 0.160%
Break-even: 3.1 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 1 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	4.01 bp	13.0 bp −$13	34.4 bp −$344	101.2 bp −$10.1K	doesn't fit

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
GRVT XPT_USDT_Perp	0.0000%	4h	1,783.2	+0.055%	$206K	$784K	25x	as long as short
HTX XPT-USDT	0.0000%	4h	1,782.5	+0.015%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,780.6	−0.092%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,778.1	−0.231%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,779	−0.180%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,780	−0.124%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,780.5	−0.097%	$235K	$41K	75x	as long as short
Variational Omni XPT	+0.0152%	4h	1,782.7	+0.024%	$245K	$206K	—	as long as short
Paradex XPT-USD-PERPlong	+0.0179%	8h	1,782.2	long leg	$3K	—	5x
Aster XPTUSDT	+0.0205%	4h	1,781.6	−0.032%	$15K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0206%	4h	1,782.3	+0.003%	$672K	$551K	100x	as long as short
Lighter XPT	+0.0208%	1h	1,782.6	+0.022%	$356K	$42K	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+1.014%	$6K	$34K	52x	as long as short
Extended XPT-USD	+0.0232%	1h	1,779.3	−0.164%	$156K	$710K	10x	as long as short
BloFin XPT-USDT	+0.0251%	4h	1,783.1	+0.047%	$97K	$70K	100x	as long as short
Binance XPTUSDT	+0.0257%	4h	1,782	−0.010%	$4.6M	$5.2M	100x	as long as short
MEXC XPT_USDT	+0.0260%	4h	1,781.8	−0.026%	$23.1M	$648K	100x	as long as short
Aevo PLATINUM-PERP	+0.0280%	1h	1,782.3	+0.005%	$303	—	10x	as long as short
edgeX XPTUSDC	+0.0280%	4h	1,783.5	+0.074%	$39K	$283K	10x	as long as short
Bitget XPTUSDTshort	+0.0392%	4h	1,781.5	−0.038%	$1.3M	$533K	100x
OKX XPT-USDT-SWAP	+0.0902%	8h	1,782.2	−0.001%	$1.0M	$796K	50x	as long as short