Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.050%

Price spread now: KuCoin against Paradex+0.039%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 KuCoin

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. KuCoin is 0.039% dearer against Paradex than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,794.6	0.0640	pay 0.0640% / 8h	4h 34m	$3K	—	5x
Short	KuCoin XPTUSDTM	1,795.3	0.0592	get 0.0296% / 4h	34m 57s	$200K	$17K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$9.98
Price spread: +0.039% → 0.000%: $3.91
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.08
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 45 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 KuCoin live order book, 45 min ago	4.43 bp	27.2 bp −$27	198.1 bp −$1,981	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	1,794.2	−0.019%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.2	−0.186%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.2	−0.133%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,791	−0.200%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0128%	1h	1,795.1	+0.029%	$305	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.3	+1.044%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0243%	1h	1,792.8	−0.099%	$3.5M	$977K	20x	as long as short
Gate XPT_USDT	+0.0430%	4h	1,796.4	+0.102%	$639K	$441K	100x	as long as short
KuCoin XPTUSDTMshort	+0.0592%	4h	1,795.3	+0.039%	$200K	$17K	75x
Paradex XPT-USD-PERPlong	+0.0640%	8h	1,794.6	long leg	$3K	—	5x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0689%	4h	1,793.7	−0.050%	$14K	$10K	20x	as long as short
Variational Omni XPT	+0.0704%	4h	1,795.2	+0.035%	$279K	$213K	—	as long as short
Extended XPT-USD	+0.0720%	1h	1,791	−0.197%	$202K	$612K	10x	as long as short
edgeX XPTUSDC	+0.0748%	4h	1,795.2	+0.036%	$39K	$282K	10x	as long as short
Lighter XPT	+0.0752%	1h	1,796.4	+0.101%	$355K	$15K	20x	as long as short
MEXC XPT_USDT	+0.0762%	4h	1,793.9	−0.039%	$23.5M	$644K	100x	as long as short
Binance XPTUSDT	+0.0762%	4h	1,794.6	+0.002%	$4.3M	$3.8M	100x	as long as short
BloFin XPT-USDT	+0.0775%	4h	1,794.7	+0.005%	$88K	$67K	100x	as long as short
Bitget XPTUSDT	+0.0874%	4h	1,793.6	−0.053%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0937%	8h	1,796.7	+0.118%	$937K	$560K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1154%	4h	1,795.5	+0.053%	$204K	$815K	25x	as long as short