Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0616%/8h= +67.4% APRpaid last 24h +0.082%

Price spread now: Paradex against HTX−0.206%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding pays, the price is against you. Paradex is 0.206% cheaper against HTX than usual: you would sell low and buy high (spread −0.206% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 27 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPT-USDT	1,803.9	0	get 0.0000% / 4h	1h 51m	$11K	$37K	30x
Short	Paradex XPT-USD-PERP	1,800.2	0.0616	get 0.0616% / 8h	5h 51m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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 HTXbpFee ParadexbpOrdersPrice spread, now −0.206%Rate

Funding earned: $129.3
Price spread: −0.206% → 0.000%: −$20.62
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $92.68
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

HTX and 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 20 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-USDTlong	0.0000%	4h	1,803.9	long leg	$11K	$37K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,795.1	−0.485%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796.1	−0.431%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796	−0.436%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,799.6	−0.235%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.8	+0.940%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0356%	4h	1,799.6	−0.239%	$634K	$427K	100x	as long as short
KuCoin XPTUSDTM	+0.0376%	4h	1,799.9	−0.222%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0461%	1h	1,796.6	−0.403%	$3.6M	$985K	20x	as long as short
Variational Omni XPT	+0.0488%	4h	1,802.5	−0.076%	$280K	$232K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0526%	4h	1,799.2	−0.258%	$14K	$10K	20x	as long as short
MEXC XPT_USDT	+0.0566%	4h	1,798.2	−0.317%	$23.7M	$653K	100x	as long as short
Binance XPTUSDT	+0.0571%	4h	1,799.3	−0.253%	$4.2M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0577%	4h	1,803.5	−0.023%	$39K	$282K	10x	as long as short
Paradex XPT-USD-PERPshort	+0.0616%	8h	1,800.2	−0.206%	$3K	—	5x
Bitget XPTUSDT	+0.0666%	4h	1,798.9	−0.277%	$1.3M	$393K	100x	as long as short
Extended XPT-USD	+0.0704%	1h	1,795.8	−0.448%	$204K	$617K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0769%	8h	1,799.7	−0.231%	$902K	$512K	50x	as long as short
Lighter XPT	+0.0832%	1h	1,801	−0.159%	$356K	$14K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1062%	4h	1,802.5	−0.075%	$205K	$872K	25x	as long as short