Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h +0.009%

Price spread now: Injective against edgeX+2.605%7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.605% dearer against edgeX than usual: you sell high and buy low (spread +2.605% now, against zero (this spread has no 7-day history yet)): +$260 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPDUSDC	1,299	0.0143	pay 0.0072% / 4h	3h 29m	$37K	$206K	10x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	29m 25s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now +2.605%Rate

Funding earned: −$23.1
Price spread: +2.605% → 0.000%: $260.45
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $228.33
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 22 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 edgeX live order book, 22 min ago	9.01 bp	14.7 bp −$15	128.9 bp −$1,289	doesn't fit	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
SunX XPD-USDT	0.0000%	4h	1,295.6	−0.256%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,296.9	−0.162%	—	—	—	as long as short
Variational Omni XPD	+0.0031%	4h	1,299.1	+0.010%	$535K	$24K	—	as long as short
Lighter XPD	+0.0032%	1h	1,299.5	+0.041%	$401K	$160K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+2.605%	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.5	−0.190%	$2.7M	$469K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,296.6	−0.184%	$169K	$5K	75x	as long as short
edgeX XPDUSDClong	+0.0143%	4h	1,299	long leg	$37K	$206K	10x
BloFin XPD-USDT	+0.0159%	4h	1,298.9	−0.004%	$30K	$20K	100x	as long as short
MEXC XPD_USDT	+0.0168%	4h	1,298.2	−0.063%	$13.1M	$269K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPD_USDT	+0.0172%	4h	1,298.9	−0.007%	$2.0M	$474K	100x	as long as short
Binance XPDUSDT	+0.0177%	4h	1,299	−0.001%	$3.8M	$4.7M	100x	as long as short
OKX XPD-USDT-SWAP	+0.0193%	8h	1,298.7	−0.021%	$321K	$472K	50x	as long as short
Aster XPDUSDT	+0.0347%	4h	1,297.8	−0.092%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0362%	4h	1,298.2	−0.062%	$5.0M	$240K	100x	as long as short
HTX XPD-USDT	+0.0522%	4h	1,298.7	−0.020%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1308%	4h	1,298.7	−0.023%	$338K	$717K	25x	as long as short