Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0779%/8h= −85.3% APRpaid last 24h −0.080%

Price spread now: gTrade (Gains Network) against Paradex−0.337%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 −$23 a day on $10k at the current rate, and gTrade (Gains Network) is 0.337% cheaper against Paradex than usual: you would sell low and buy high (−$34 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	Paradex XPT-USD-PERP	1,797.2	0.0785	pay 0.0785% / 8h	3h 04m	$3K	—	5x
Short	gTrade (Gains Network) XPT/USD	1,791.2	L +0.0006% / S −0.0006%	get 0.0001% / 1h	4m 37s	$230	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.337%Rate

Funding earned: −$163.58
Price spread: −0.337% → 0.000%: −$33.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$211.25
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	1,796.6	−0.036%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USDshort	L +0.0006% / S −0.0006%	1h	1,791.2	−0.337%	$230	—	150x
Vest PL-PERP	+0.0046%	1h	1,791.8	−0.303%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,794.8	−0.136%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,814.9	+0.983%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0416%	1h	1,797.1	−0.009%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0576%	1h	1,794.8	−0.136%	$3.6M	$1.0M	20x	as long as short
KuCoin XPTUSDTM	+0.0764%	4h	1,797.3	+0.003%	$249K	$40K	75x	as long as short
Paradex XPT-USD-PERPlong	+0.0785%	8h	1,797.2	long leg	$3K	—	5x
Gate XPT_USDT	+0.0894%	4h	1,797.6	+0.022%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.1048%	1h	1,797.9	+0.037%	$355K	$20K	20x	as long as short
Variational Omni XPT	+0.1180%	4h	1,796.3	−0.050%	$280K	$189K	—	as long as short
Aster XPTUSDT	+0.1183%	4h	1,793.2	−0.223%	$14K	$9K	20x	as long as short
edgeX XPTUSDC	+0.1208%	4h	1,795.4	−0.101%	$39K	$282K	10x	as long as short
OKX XPT-USDT-SWAP	+0.1220%	8h	1,796.6	−0.036%	$954K	$616K	50x	as long as short
MEXC XPT_USDT	+0.1228%	4h	1,794.8	−0.136%	$23.6M	$602K	100x	as long as short
Binance XPTUSDT	+0.1236%	4h	1,796.7	−0.033%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1270%	4h	1,796.8	−0.027%	$90K	$68K	100x	as long as short
Bitget XPTUSDT	+0.1292%	4h	1,795.1	−0.118%	$1.4M	$472K	100x	as long as short
Extended XPT-USD	+0.1384%	1h	1,791.4	−0.324%	$205K	$617K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1764%	4h	1,796	−0.070%	$206K	$812K	25x	as long as short