Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.006%

Price spread now: Injective against Binance+0.895%87s7-day average — · you sell dearer than you buy

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

Long on Binance 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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.895% dearer against Binance than usual: you sell high and buy low: +$90 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPDUSDT	1,321	0	get 0.0000% / 4h	3h 55m	$3.8M	$4.3M	100x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	55m 56s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.895%Rate

Funding earned: $7
Price spread: +0.895% → 0.000%: $89.54
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $86.52
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 11 min ago; 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 Binance live order book, 11 min ago	0.80 bp	15.3 bp −$15	37.8 bp −$378	154.7 bp −$15.5K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

XPD on 17 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
tradeXYZ xyz:PALLADIUM	−0.0111%	1h	1,318.6	−0.180%	$2.7M	$523K	20x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,321	long leg	$3.8M	$4.3M	100x
Gate XPD_USDT	0.0000%	4h	1,320.6	−0.030%	$2.0M	$414K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,320.6	−0.032%	$13.2M	$337K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,320	−0.074%	$5.1M	$219K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,321.3	+0.027%	$547K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,319.4	−0.119%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,318.8	−0.167%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,319.3	−0.127%	—	—	—	as long as short
BloFin XPD-USDT	+0.0012%	4h	1,318.1	−0.221%	$30K	$19K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0018%	4h	1,318.7	−0.170%	$38K	$204K	10x	as long as short
Aster XPDUSDT	+0.0028%	4h	1,319.7	−0.095%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,321.2	+0.017%	$406K	$153K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+0.895%	$16K	$20K	52x
KuCoin XPDUSDTM	+0.0100%	4h	1,318.7	−0.173%	$172K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0140%	8h	1,320.3	−0.051%	$321K	$488K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0464%	4h	1,318.4	−0.198%	$339K	$935K	25x	as long as short