Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.052%

Price spread now: tradeXYZ against Paradex−0.035%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.035% cheaper against Paradex than usual: you would sell low and buy high (−$4 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	1,807.7	0.0441	pay 0.0441% / 8h	6h 34m	$3K	—	5x
Short	tradeXYZ xyz:PLATINUM	1,807.1	0.0296	get 0.0037% / 1h	34m 03s	$3.6M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$30.53
Price spread: −0.035% → 0.000%: −$3.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$56.04
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	1.39 bp	13.4 bp −$13	doesn't fit	doesn't fit	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 20 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	1,807	−0.038%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,804.5	−0.177%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,805.2	−0.140%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,805.9	−0.100%	$17K	$25K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,808.4	+0.039%	$307	—	10x	as long as short
KuCoin XPTUSDTM	+0.0156%	4h	1,809.3	+0.088%	$201K	$17K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,827.4	+1.088%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0240%	4h	1,808.9	+0.064%	$639K	$411K	100x	as long as short
Extended XPT-USD	+0.0264%	1h	1,804.6	−0.172%	$203K	$633K	10x	as long as short
tradeXYZ xyz:PLATINUMshort	+0.0296%	1h	1,807.1	−0.035%	$3.6M	$1.0M	20x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0308%	4h	1,806.8	−0.049%	$286K	$227K	—	as long as short
edgeX XPTUSDC	+0.0352%	4h	1,809.6	+0.101%	$40K	$282K	10x	as long as short
MEXC XPT_USDT	+0.0372%	4h	1,805.5	−0.123%	$23.8M	$656K	100x	as long as short
Binance XPTUSDT	+0.0379%	4h	1,808.9	+0.066%	$4.2M	$3.9M	100x	as long as short
Aster XPTUSDT	+0.0381%	4h	1,808.9	+0.062%	$14K	$10K	20x	as long as short
Paradex XPT-USD-PERPlong	+0.0441%	8h	1,807.7	long leg	$3K	—	5x
Bitget XPTUSDT	+0.0468%	4h	1,808.6	+0.045%	$1.2M	$371K	100x	as long as short
Lighter XPT	+0.0680%	1h	1,809.6	+0.103%	$358K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0699%	8h	1,809.7	+0.109%	$907K	$518K	50x	as long as short
GRVT XPT_USDT_Perp	+0.0794%	4h	1,809.1	+0.077%	$207K	$965K	25x	as long as short