Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.016%

Price spread now: Injective against Paradex+1.043%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Injective

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

The price spread pays, funding is against you. Injective is 1.043% dearer against Paradex than usual: you sell high and buy low (spread +1.043% now, against zero (this spread has no 7-day history yet)): +$104 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,812.8	0.0295	pay 0.0295% / 8h	6h 58m	$3K	—	5x
Short	Injective XPT/USDC PERP	1,831.8	0.0220	get 0.0028% / 1h	58m 30s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.043%Rate

Funding earned: −$15.78
Price spread: +1.043% → 0.000%: $104.3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $84.5
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Paradex and Injective: 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	+0.108%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,810.5	−0.131%	$232	—	150x	as long as short
Extended XPT-USD	+0.0032%	1h	1,810.9	−0.108%	$207K	$565K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,811.3	−0.085%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,810.7	−0.118%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,812.4	−0.025%	$17K	$25K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,812.2	−0.036%	$201K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,813.3	+0.025%	$308	—	10x	as long as short
Gate XPT_USDT	+0.0138%	4h	1,812.9	+0.004%	$639K	$396K	100x	as long as short
Variational Omni XPT	+0.0209%	4h	1,815.5	+0.148%	$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 PERPshort	+0.0220%	1h	1,831.8	+1.043%	$6K	$34K	52x
MEXC XPT_USDT	+0.0262%	4h	1,812.3	−0.033%	$23.8M	$654K	100x	as long as short
Binance XPTUSDT	+0.0262%	4h	1,812.4	−0.022%	$4.2M	$4.0M	100x	as long as short
edgeX XPTUSDC	+0.0272%	4h	1,815.3	+0.133%	$40K	$283K	10x	as long as short
BloFin XPT-USDT	+0.0275%	4h	1,813.8	+0.051%	$85K	$64K	100x	as long as short
Aster XPTUSDT	+0.0284%	4h	1,811.5	−0.072%	$15K	$12K	20x	as long as short
Paradex XPT-USD-PERPlong	+0.0295%	8h	1,812.8	long leg	$3K	—	5x
Lighter XPT	+0.0344%	1h	1,813.7	+0.047%	$359K	$14K	20x	as long as short
Bitget XPTUSDT	+0.0356%	4h	1,811.7	−0.064%	$1.2M	$356K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0590%	4h	1,815.6	+0.151%	$208K	$994K	25x	as long as short
OKX XPT-USDT-SWAP	+0.0678%	8h	1,812.5	−0.019%	$907K	$530K	50x	as long as short