Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h +0.014%

Price spread now: Paradex against Gate−0.031%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Paradex is 0.031% cheaper against Gate than usual: you would sell low and buy high (−$3 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	Gate XPT_USDT	1,785.3	0.0740	pay 0.0370% / 4h	1h 25m	$717K	$539K	100x
Short	Paradex XPT-USD-PERP	1,784.7	0.0485	get 0.0485% / 8h	1h 25m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$53.49
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$75.61
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 16 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 Gate live order book, 16 min ago	1.18 bp	18.9 bp −$19	40.9 bp −$409	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	1,784	−0.070%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.8	−0.194%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781	−0.239%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.8	−0.195%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0121%	1h	1,782.5	−0.155%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,801.4	+0.903%	$6K	$34K	52x	as long as short
KuCoin XPTUSDTM	+0.0402%	4h	1,784.3	−0.053%	$238K	$42K	75x	as long as short
Paradex XPT-USD-PERPshort	+0.0485%	8h	1,784.7	−0.031%	$3K	—	5x
Aevo PLATINUM-PERP	+0.0512%	1h	1,785.2	−0.003%	$303	—	10x	as long as short
Lighter XPT	+0.0656%	1h	1,785.7	+0.024%	$353K	$20K	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	+0.0680%	1h	1,781.6	−0.206%	$201K	$624K	10x	as long as short
Gate XPT_USDTlong	+0.0740%	4h	1,785.3	long leg	$717K	$539K	100x
Aster XPTUSDT	+0.0936%	4h	1,783.8	−0.083%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0946%	4h	1,784.6	−0.037%	$260K	$187K	—	as long as short
BloFin XPT-USDT	+0.0972%	4h	1,784.2	−0.058%	$96K	$69K	100x	as long as short
Binance XPTUSDT	+0.0999%	4h	1,784.5	−0.043%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1006%	4h	1,784.1	−0.066%	$23.3M	$638K	100x	as long as short
edgeX XPTUSDC	+0.1036%	4h	1,783.9	−0.079%	$39K	$281K	10x	as long as short
Bitget XPTUSDT	+0.1048%	4h	1,783.2	−0.114%	$1.4M	$510K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1100%	4h	1,783.3	−0.113%	$205K	$786K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1249%	8h	1,784.8	−0.026%	$1.0M	$741K	50x	as long as short