Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h 0.000%

Price spread now: MEXC against Paradex−0.133%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 MEXC

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. MEXC is 0.133% cheaper against Paradex than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,793.6	0.0711	pay 0.0711% / 8h	2h 08m	$3K	—	5x
Short	MEXC XPT_USDT	1,791.2	0.1270	get 0.0635% / 4h	2h 08m	$23.4M	$618K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.133%Rate

Funding earned: $117.44
Price spread: −0.133% → 0.000%: −$13.31
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: $100.14
Costs to cover: 0.040%
Break-even: 1.0 days

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	9.34 bp	9.3 bp −$9	12.2 bp −$122	55.4 bp −$5,540	214.3 bp −$107.1K

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	1,793.9	+0.019%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,789.9	−0.206%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,790.8	−0.154%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.2	−0.078%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.739%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0464%	1h	1,791.4	−0.120%	$3.6M	$1.1M	20x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,793.8	+0.014%	$305	—	10x	as long as short
KuCoin XPTUSDTM	+0.0676%	4h	1,792.7	−0.046%	$248K	$41K	75x	as long as short
Paradex XPT-USD-PERPlong	+0.0711%	8h	1,793.6	long leg	$3K	—	5x
Gate XPT_USDT	+0.0878%	4h	1,794.8	+0.072%	$723K	$537K	100x	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	+0.0944%	1h	1,789.7	−0.215%	$206K	$628K	10x	as long as short
Lighter XPT	+0.0968%	1h	1,794.5	+0.053%	$355K	$19K	20x	as long as short
Aster XPTUSDT	+0.1201%	4h	1,790.6	−0.165%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1220%	4h	1,792.8	−0.042%	$261K	$200K	—	as long as short
Binance XPTUSDT	+0.1265%	4h	1,793.4	−0.007%	$4.5M	$4.6M	100x	as long as short
MEXC XPT_USDTshort	+0.1270%	4h	1,791.2	−0.133%	$23.4M	$618K	100x
Bitget XPTUSDT	+0.1280%	4h	1,792.4	−0.062%	$1.4M	$505K	100x	as long as short
edgeX XPTUSDC	+0.1290%	4h	1,792.6	−0.056%	$39K	$281K	10x	as long as short
BloFin XPT-USDT	+0.1303%	4h	1,793.6	+0.004%	$93K	$69K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1327%	8h	1,794.2	+0.036%	$997K	$698K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1484%	4h	1,793.4	−0.006%	$206K	$808K	25x	as long as short