Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0300%/8h= −32.9% APRpaid last 24h −0.065%

Price spread now: gTrade (Gains Network) against Paradex−0.169%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$9 a day on $10k at the current rate, and gTrade (Gains Network) is 0.169% cheaper against Paradex than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,810.7	0.0306	pay 0.0306% / 8h	1h 45m	$3K	—	5x
Short	gTrade (Gains Network) XPT/USD	1,807.6	L +0.0006% / S −0.0006%	get 0.0001% / 1h	45m 04s	$232	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.169%Rate

Funding earned: −$63.04
Price spread: −0.169% → 0.000%: −$16.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$93.97
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and 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 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	1,810.7	−0.003%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,807.6	−0.169%	$232	—	10x
Extended XPT-USD	+0.0032%	1h	1,807.8	−0.161%	$199K	$450K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,808.3	−0.133%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,809.1	−0.089%	$17K	$20K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,809.7	−0.056%	$201K	$25K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,811.1	+0.023%	$308	—	10x	as long as short
Gate XPT_USDT	+0.0118%	4h	1,811.3	+0.032%	$700K	$336K	100x	as long as short
Variational Omni XPT	+0.0189%	4h	1,810.7	−0.001%	$283K	$325K	—	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,826.2	+0.858%	$6K	$34K	52x	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	+0.0220%	4h	1,810.7	−0.002%	$85K	$63K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0239%	1h	1,808.9	−0.100%	$3.6M	$1.4M	20x	as long as short
MEXC XPT_USDT	+0.0270%	4h	1,809.9	−0.043%	$24.1M	$631K	100x	as long as short
edgeX XPTUSDC	+0.0272%	4h	1,810.8	+0.008%	$39K	$283K	10x	as long as short
Binance XPTUSDT	+0.0273%	4h	1,810.6	−0.007%	$4.3M	$4.2M	100x	as long as short
Paradex XPT-USD-PERPlong	+0.0306%	8h	1,810.7	long leg	$3K	—	5x
Aster XPTUSDT	+0.0361%	4h	1,809.7	−0.058%	$15K	$31K	20x	as long as short
Bitget XPTUSDT	+0.0438%	4h	1,809.5	−0.066%	$1.2M	$318K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0578%	4h	1,810.5	−0.009%	$206K	$1.2M	25x	as long as short
Lighter XPT	+0.0648%	1h	1,811.7	+0.055%	$358K	$20K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0705%	8h	1,811.1	+0.022%	$917K	$522K	50x	as long as short