Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h −0.010%

Price spread now: Bitget against Paradex−0.051%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 Bitget

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. Bitget is 0.051% cheaper against Paradex than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,815.9	0.0271	pay 0.0271% / 8h	40m 26s	$3K	—	5x
Short	Bitget XPTUSDT	1,815	0.0336	get 0.0168% / 4h	40m 26s	$1.2M	$325K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.051%Rate

Funding earned: $13.69
Price spread: −0.051% → 0.000%: −$5.08
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.39
Costs to cover: 0.160%
Break-even: 10.8 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.28 bp	11.6 bp −$12	33.8 bp −$338	doesn't fit	doesn't fit

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	1,815.3	−0.033%	$10K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,813.2	−0.148%	$233	—	150x	as long as short
Extended XPT-USD	+0.0032%	1h	1,813.9	−0.113%	$207K	$454K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,814	−0.105%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,813.6	−0.127%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,814.8	−0.061%	$17K	$20K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,816.1	+0.012%	$201K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,815.5	−0.022%	$309	—	10x	as long as short
Variational Omni XPT	+0.0184%	4h	1,815.8	−0.008%	$287K	$329K	—	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,833.1	+0.949%	$6K	$34K	52x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0238%	4h	1,816.3	+0.020%	$689K	$345K	100x	as long as short
MEXC XPT_USDT	+0.0240%	4h	1,814.9	−0.056%	$24.1M	$644K	100x	as long as short
Binance XPTUSDT	+0.0241%	4h	1,815.7	−0.012%	$4.3M	$4.1M	100x	as long as short
edgeX XPTUSDC	+0.0262%	4h	1,815.5	−0.022%	$40K	$284K	10x	as long as short
Paradex XPT-USD-PERPlong	+0.0271%	8h	1,815.9	long leg	$3K	—	5x
BloFin XPT-USDT	+0.0295%	4h	1,815.5	−0.025%	$85K	$63K	100x	as long as short
Aster XPTUSDT	+0.0311%	4h	1,816	+0.005%	$15K	$12K	20x	as long as short
Lighter XPT	+0.0336%	1h	1,816.4	+0.027%	$359K	$19K	20x	as long as short
Bitget XPTUSDTshort	+0.0336%	4h	1,815	−0.051%	$1.2M	$325K	100x
GRVT XPT_USDT_Perp	+0.0580%	4h	1,816	+0.007%	$206K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0705%	8h	1,815.9	0.000%	$917K	$523K	50x	as long as short