Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.050%

Price spread now: Paradex against tradeXYZ+0.087%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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 airdroptradeXYZ: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Paradex is 0.087% dearer against tradeXYZ than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLATINUM	1,796	0.0471	pay 0.0059% / 1h	59m 57s	$3.6M	$979K	20x
Short	Paradex XPT-USD-PERP	1,797.6	0.0692	get 0.0692% / 8h	4h 59m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against tradeXYZ. 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 tradeXYZbpFee ParadexbpOrdersPrice spread, now +0.087%Rate

Funding earned: $46.33
Price spread: +0.087% → 0.000%: $8.69
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Paradex: 2 bp × 2 orders: −$4
Net: $33.02
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage unknown: tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	1.95 bp	12.3 bp −$12	doesn't fit	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 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	1,798.3	+0.130%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.4	−0.088%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,795	−0.056%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.6	+0.031%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.1	+0.115%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.361%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0400%	4h	1,798.9	+0.161%	$638K	$438K	100x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0471%	1h	1,796	long leg	$3.6M	$979K	20x
KuCoin XPTUSDTM	+0.0584%	4h	1,799.4	+0.190%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0668%	4h	1,796.6	+0.032%	$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	+0.0678%	4h	1,798.1	+0.119%	$280K	$214K	—	as long as short
Paradex XPT-USD-PERPshort	+0.0692%	8h	1,797.6	+0.087%	$3K	—	5x
MEXC XPT_USDT	+0.0738%	4h	1,797.8	+0.099%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0740%	4h	1,798.1	+0.117%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0743%	4h	1,798.5	+0.140%	$39K	$283K	10x	as long as short
Extended XPT-USD	+0.0776%	1h	1,794.6	−0.080%	$204K	$619K	10x	as long as short
BloFin XPT-USDT	+0.0789%	4h	1,798.7	+0.151%	$89K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0840%	4h	1,797.4	+0.075%	$1.3M	$389K	100x	as long as short
Lighter XPT	+0.0872%	1h	1,798.5	+0.139%	$355K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0892%	8h	1,798.9	+0.161%	$938K	$561K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1160%	4h	1,797.8	+0.101%	$205K	$829K	25x	as long as short