Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.004%

Price spread now: Injective against BloFin+1.307%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Injective is 1.307% dearer against BloFin than usual: you sell high and buy low (spread +1.307% now, against zero (this spread has no 7-day history yet)): +$131 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPD-USDT	1,315.6	0.0043	pay 0.0021% / 4h	1h 16m	$30K	$19K	100x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	16m 57s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.307%Rate

Funding earned: −$1.94
Price spread: +1.307% → 0.000%: $130.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $116.78
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: 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 BloFin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

BloFin 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.

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
Gate XPD_USDT	0.0000%	4h	1,314.6	−0.078%	$1.9M	$413K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,315	−0.047%	$541K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,314.1	−0.111%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,314.5	−0.086%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.6	−0.232%	—	—	—	as long as short
tradeXYZ xyz:PALLADIUM	+0.0029%	1h	1,312.8	−0.213%	$2.7M	$481K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,315.4	−0.015%	$401K	$147K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+1.307%	$16K	$20K	52x
BloFin XPD-USDTlong	+0.0043%	4h	1,315.6	long leg	$30K	$19K	100x
Binance XPDUSDT	+0.0051%	4h	1,314.7	−0.066%	$3.8M	$4.2M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0056%	4h	1,314.7	−0.069%	$13.2M	$339K	100x	as long as short
edgeX XPDUSDC	+0.0074%	4h	1,314.9	−0.055%	$38K	$206K	10x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,313.7	−0.147%	$171K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0161%	8h	1,314.2	−0.106%	$321K	$483K	50x	as long as short
Bitget XPDUSDT	+0.0170%	4h	1,313.9	−0.126%	$5.0M	$219K	100x	as long as short
Aster XPDUSDT	+0.0196%	4h	1,314.3	−0.102%	$27K	$12K	20x	as long as short
GRVT XPD_USDT_Perp	+0.0512%	4h	1,314.5	−0.083%	$337K	$1.0M	25x	as long as short