Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.016%

Price spread now: KuCoin against Paradex−0.040%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 KuCoin

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.040% 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	1,784.4	0.0480	pay 0.0480% / 8h	1h 24m	$3K	—	5x
Short	KuCoin XPTUSDTM	1,783.7	0.0386	get 0.0193% / 4h	1h 24m	$238K	$42K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$19.81
Price spread: −0.040% → 0.000%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.85
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 17 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 KuCoin live order book, 17 min ago	9.16 bp	23.0 bp −$23	197.9 bp −$1,979	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 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	1,784.6	+0.015%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.8	−0.143%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,780.7	−0.206%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.3	−0.172%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0121%	1h	1,781.7	−0.150%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,801.4	+0.954%	$6K	$34K	52x	as long as short
KuCoin XPTUSDTMshort	+0.0386%	4h	1,783.7	−0.040%	$238K	$42K	75x
Paradex XPT-USD-PERPlong	+0.0480%	8h	1,784.4	long leg	$3K	—	5x
Aevo PLATINUM-PERP	+0.0512%	1h	1,784.7	+0.020%	$303	—	10x	as long as short
Lighter XPT	+0.0656%	1h	1,785.4	+0.058%	$354K	$21K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0688%	1h	1,781.6	−0.156%	$201K	$624K	10x	as long as short
Gate XPT_USDT	+0.0736%	4h	1,785.4	+0.055%	$717K	$539K	100x	as long as short
Aster XPTUSDT	+0.0928%	4h	1,783.8	−0.033%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0946%	4h	1,784.6	+0.014%	$260K	$187K	—	as long as short
Binance XPTUSDT	+0.0991%	4h	1,784	−0.022%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.0998%	4h	1,783.6	−0.044%	$23.3M	$638K	100x	as long as short
edgeX XPTUSDC	+0.1036%	4h	1,783.9	−0.028%	$39K	$281K	10x	as long as short
Bitget XPTUSDT	+0.1046%	4h	1,783.2	−0.063%	$1.4M	$510K	100x	as long as short
BloFin XPT-USDT	+0.1054%	4h	1,784.7	+0.019%	$96K	$69K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1100%	4h	1,783.3	−0.062%	$205K	$786K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1244%	8h	1,785.1	+0.041%	$1.0M	$741K	50x	as long as short