Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0630%/8h= −69.0% APRpaid last 24h −0.081%

Price spread now: gTrade (Gains Network) against Paradex−0.152%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 −$19 a day on $10k at the current rate, and gTrade (Gains Network) is 0.152% cheaper against Paradex than usual: you would sell low and buy high (−$15 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	1,801.6	0.0636	pay 0.0636% / 8h	5h 25m	$3K	—	5x
Short	gTrade (Gains Network) XPT/USD	1,798.9	L +0.0006% / S −0.0006%	get 0.0001% / 1h	25m 20s	$231	—	150x

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 −0.152%Rate

Funding earned: −$132.4
Price spread: −0.152% → 0.000%: −$15.17
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: −$161.57
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	1,801.3	−0.015%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,798.9	−0.152%	$231	—	150x
Vest PL-PERP	+0.0046%	1h	1,799.3	−0.128%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,798.7	−0.160%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,802.4	+0.043%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+0.800%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0398%	4h	1,802.7	+0.063%	$638K	$431K	100x	as long as short
KuCoin XPTUSDTM	+0.0434%	4h	1,799.6	−0.114%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0473%	1h	1,800.3	−0.072%	$3.6M	$977K	20x	as long as short
Aster XPTUSDT	+0.0605%	4h	1,800.9	−0.040%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0608%	4h	1,800.8	−0.045%	$280K	$226K	—	as long as short
Paradex XPT-USD-PERPlong	+0.0636%	8h	1,801.6	long leg	$3K	—	5x
edgeX XPTUSDC	+0.0643%	4h	1,800.4	−0.066%	$39K	$281K	10x	as long as short
MEXC XPT_USDT	+0.0664%	4h	1,799.7	−0.106%	$23.7M	$656K	100x	as long as short
Binance XPTUSDT	+0.0666%	4h	1,802.2	+0.033%	$4.3M	$3.8M	100x	as long as short
BloFin XPT-USDT	+0.0675%	4h	1,801	−0.036%	$85K	$68K	100x	as long as short
Extended XPT-USD	+0.0704%	1h	1,799	−0.146%	$199K	$616K	10x	as long as short
Bitget XPTUSDT	+0.0754%	4h	1,800.9	−0.039%	$1.3M	$392K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0816%	8h	1,802.3	+0.039%	$900K	$526K	50x	as long as short
Lighter XPT	+0.0840%	1h	1,803.5	+0.105%	$357K	$15K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1118%	4h	1,800.9	−0.036%	$205K	$841K	25x	as long as short