Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.050%

Price spread now: Paradex against KuCoin+0.033%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Paradex is 0.033% dearer against KuCoin than usual: you sell high and buy low: +$3 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	KuCoin XPTUSDTM	1,814.1	0.0100	pay 0.0050% / 4h	2h 59m	$202K	$19K	75x
Short	Paradex XPT-USD-PERP	1,814.7	0.0300	get 0.0300% / 8h	6h 59m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now +0.033%Rate

Funding earned: $42.09
Price spread: +0.033% → 0.000%: $3.34
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $29.43
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: KuCoin: live order book, 45 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 KuCoin live order book, 45 min ago	12.60 bp	29.8 bp −$30	225.1 bp −$2,251	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	1,814.8	+0.036%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,812.6	−0.086%	$233	—	150x	as long as short
Extended XPT-USD	+0.0032%	1h	1,810.9	−0.181%	$207K	$565K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,813.8	−0.019%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,813.5	−0.035%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,813.8	−0.020%	$17K	$25K	10x	as long as short
KuCoin XPTUSDTMlong	+0.0100%	4h	1,814.1	long leg	$202K	$19K	75x
Aevo PLATINUM-PERP	+0.0104%	1h	1,814.3	+0.007%	$308	—	10x	as long as short
Gate XPT_USDT	+0.0138%	4h	1,814.5	+0.021%	$640K	$396K	100x	as long as short
Variational Omni XPT	+0.0209%	4h	1,815.5	+0.076%	$288K	$326K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPT/USDC PERP	+0.0220%	1h	1,831.8	+0.971%	$6K	$34K	52x	as long as short
Binance XPTUSDT	+0.0264%	4h	1,813.9	−0.012%	$4.2M	$4.0M	100x	as long as short
MEXC XPT_USDT	+0.0264%	4h	1,813.9	−0.013%	$23.9M	$654K	100x	as long as short
edgeX XPTUSDC	+0.0272%	4h	1,815.3	+0.062%	$40K	$283K	10x	as long as short
Aster XPTUSDT	+0.0288%	4h	1,814.4	+0.013%	$15K	$12K	20x	as long as short
BloFin XPT-USDT	+0.0289%	4h	1,815	+0.045%	$85K	$64K	100x	as long as short
Paradex XPT-USD-PERPshort	+0.0300%	8h	1,814.7	+0.033%	$3K	—	5x
Bitget XPTUSDT	+0.0360%	4h	1,813.4	−0.040%	$1.2M	$355K	100x	as long as short
Lighter XPT	+0.0400%	1h	1,814.8	+0.036%	$359K	$14K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0636%	4h	1,814.6	+0.023%	$208K	$994K	25x	as long as short
OKX XPT-USDT-SWAP	+0.0680%	8h	1,813.9	−0.013%	$907K	$528K	50x	as long as short