Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.050%

Price spread now: Paradex against KuCoin−0.057%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.057% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPTUSDTM	1,806	0.0258	pay 0.0129% / 4h	2h 13m	$201K	$17K	75x
Short	Paradex XPT-USD-PERP	1,805	0.0503	get 0.0503% / 8h	6h 13m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now −0.057%Rate

Funding earned: $51.42
Price spread: −0.057% → 0.000%: −$5.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $29.7
Costs to cover: 0.160%
Break-even: 3.0 days

Slippage unknown: KuCoin: live order book, 22 min ago; 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 KuCoin live order book, 22 min ago	8.74 bp	26.5 bp −$26	206.8 bp −$2,068	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	1,806	−0.003%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,802.5	−0.193%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,802.2	−0.211%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,803.5	−0.139%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,806	−0.002%	$307	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,824.7	+1.036%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0241%	1h	1,802.9	−0.172%	$3.6M	$981K	20x	as long as short
KuCoin XPTUSDTMlong	+0.0258%	4h	1,806	long leg	$201K	$17K	75x
Gate XPT_USDT	+0.0274%	4h	1,805.7	−0.017%	$631K	$422K	100x	as long as short
Variational Omni XPT	+0.0402%	4h	1,806.1	+0.003%	$281K	$232K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0450%	4h	1,805	−0.058%	$14K	$10K	20x	as long as short
MEXC XPT_USDT	+0.0468%	4h	1,804.1	−0.105%	$23.7M	$658K	100x	as long as short
Binance XPTUSDT	+0.0471%	4h	1,804.5	−0.085%	$4.2M	$3.8M	100x	as long as short
Extended XPT-USD	+0.0472%	1h	1,802.3	−0.207%	$203K	$614K	10x	as long as short
edgeX XPTUSDC	+0.0484%	4h	1,806.2	+0.010%	$39K	$284K	10x	as long as short
Paradex XPT-USD-PERPshort	+0.0503%	8h	1,805	−0.057%	$3K	—	5x
Bitget XPTUSDT	+0.0554%	4h	1,804.1	−0.107%	$1.2M	$372K	100x	as long as short
Lighter XPT	+0.0704%	1h	1,806.4	+0.022%	$357K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0721%	8h	1,805.2	−0.045%	$905K	$508K	50x	as long as short
GRVT XPT_USDT_Perp	+0.0938%	4h	1,805.1	−0.049%	$205K	$879K	25x	as long as short