Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0811%/8h= −88.8% APRpaid last 24h −0.068%

Price spread now: Vest against Paradex−0.272%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 Vest

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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Vest is 0.272% cheaper against Paradex than usual: you would sell low and buy high (−$27 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	1,798.5	0.0857	pay 0.0857% / 8h	4h 09m	$3K	—	5x
Short	Vest PL-PERP	1,793.6	0.0046	get 0.0006% / 1h	9m 27s	—	$50	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.272%Rate

Funding earned: −$170.34
Price spread: −0.272% → 0.000%: −$27.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: −$203.55
Costs to cover: 0.060%
Break-even: never at this rate

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

Paradex and Vest: 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	1,797	−0.081%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.7	−0.321%	$230	—	150x	as long as short
Vest PL-PERPshort	+0.0046%	1h	1,793.6	−0.272%	—	$50	25x
Pacifica PLATINUM	+0.0100%	1h	1,792.8	−0.318%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0208%	1h	1,798.4	−0.007%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,818	+1.083%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0471%	1h	1,796	−0.139%	$3.6M	$999K	20x	as long as short
Gate XPT_USDT	+0.0512%	4h	1,799.3	+0.045%	$734K	$505K	100x	as long as short
KuCoin XPTUSDTM	+0.0748%	4h	1,797.3	−0.066%	$249K	$40K	75x	as long as short
Variational Omni XPT	+0.0851%	4h	1,796.8	−0.093%	$279K	$206K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPT-USD-PERPlong	+0.0857%	8h	1,798.5	long leg	$3K	—	5x
Aster XPTUSDT	+0.0857%	4h	1,798.1	−0.025%	$14K	$9K	20x	as long as short
MEXC XPT_USDT	+0.0918%	4h	1,795.9	−0.145%	$23.6M	$646K	100x	as long as short
edgeX XPTUSDC	+0.0920%	4h	1,796.8	−0.096%	$39K	$281K	10x	as long as short
Binance XPTUSDT	+0.0924%	4h	1,798	−0.025%	$4.5M	$4.3M	100x	as long as short
Extended XPT-USD	+0.0960%	1h	1,793	−0.307%	$207K	$611K	10x	as long as short
BloFin XPT-USDT	+0.0964%	4h	1,797.3	−0.067%	$89K	$68K	100x	as long as short
Lighter XPT	+0.0984%	1h	1,799.6	+0.061%	$356K	$16K	20x	as long as short
OKX XPT-USDT-SWAP	+0.1029%	8h	1,799.3	+0.045%	$942K	$615K	50x	as long as short
Bitget XPTUSDT	+0.1032%	4h	1,796.8	−0.094%	$1.3M	$455K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1272%	4h	1,797.1	−0.076%	$207K	$810K	25x	as long as short