Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.7% APRpaid last 24h −0.024%

Price spread now: Injective against Paradex+0.879%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Injective

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 +$3 a day on $10k at the current rate, and Injective is 0.879% dearer against Paradex than usual: you sell high and buy low: +$88 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,795.3	0.0123	pay 0.0123% / 8h	5h 53m	$3K	—	5x
Short	Injective XPT/USDC PERP	1,811.1	0.0220	get 0.0028% / 1h	53m 23s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.879%Rate

Funding earned: $20.45
Price spread: +0.879% → 0.000%: $87.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $104.35
Costs to cover: 0.040%
Break-even: from the start

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

Paradex and Injective: 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 exchanges

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
BloFin XPT-USDT	−0.0008%	4h	1,797.9	+0.142%	$87K	$75K	100x	as long as short
edgeX XPTUSDC	−0.0008%	4h	1,796.1	+0.043%	$39K	$280K	10x	as long as short
Aster XPTUSDT	0.0000%	4h	1,795.4	0.000%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,795.2	−0.006%	$4.6M	$6.0M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,794.8	−0.031%	$23.0M	$712K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,796.9	+0.086%	$252K	$199K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,797.5	+0.121%	$11K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,793.2	−0.120%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.1	−0.236%	—	—	25x	as long as short
Bitget XPTUSDT	+0.0050%	4h	1,794.8	−0.033%	$1.3M	$625K	100x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XPT_USDT_Perp	+0.0090%	4h	1,796.7	+0.073%	$207K	$757K	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,793	−0.132%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,794.8	−0.032%	$236K	$41K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0103%	1h	1,793.2	−0.120%	$3.4M	$1.1M	20x	as long as short
Gate XPT_USDT	+0.0104%	4h	1,796.5	+0.067%	$644K	$596K	100x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,794.8	−0.029%	$305	—	10x	as long as short
Paradex XPT-USD-PERPlong	+0.0123%	8h	1,795.3	long leg	$3K	—	5x
Injective XPT/USDC PERPshort	+0.0220%	1h	1,811.1	+0.879%	$6K	$34K	52x
Lighter XPT	+0.0424%	1h	1,796.5	+0.064%	$359K	$51K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0531%	8h	1,795.8	+0.025%	$910K	$1.1M	50x	as long as short
Extended XPT-USD	+0.0616%	1h	1,792.4	−0.167%	$148K	$707K	10x	as long as short