Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h +0.010%

Price spread now: Injective against Gate+2.747%7-day average — · you sell dearer than you buy

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

Long on Gate 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 2.747% dearer against Gate than usual: you sell high and buy low (spread +2.747% now, against zero (this spread has no 7-day history yet)): +$275 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,297.2	0.0070	pay 0.0035% / 4h	2h 17m	$2.0M	$481K	100x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	17m 17s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +2.747%Rate

Funding earned: −$7.7
Price spread: +2.747% → 0.000%: $274.67
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $251.95
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	3.20 bp	30.3 bp −$30	136.6 bp −$1,366	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	1,295.5	−0.133%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,294.5	−0.205%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,297	−0.013%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+2.747%	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,295.2	−0.152%	$2.7M	$471K	20x	as long as short
Gate XPD_USDTlong	+0.0070%	4h	1,297.2	long leg	$2.0M	$481K	100x
KuCoin XPDUSDTM	+0.0100%	4h	1,295.7	−0.117%	$169K	$6K	75x	as long as short
HTX XPD-USDT	+0.0237%	4h	1,295.8	−0.103%	$10K	$34K	20x	as long as short
Variational Omni XPD	+0.0288%	4h	1,295.5	−0.126%	$534K	$24K	—	as long as short
OKX XPD-USDT-SWAP	+0.0384%	8h	1,297.2	+0.002%	$318K	$478K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0391%	4h	1,297.4	+0.020%	$3.7M	$4.8M	100x	as long as short
MEXC XPD_USDT	+0.0392%	4h	1,296.7	−0.036%	$13.1M	$270K	100x	as long as short
edgeX XPDUSDC	+0.0414%	4h	1,296	−0.088%	$37K	$206K	10x	as long as short
BloFin XPD-USDT	+0.0424%	4h	1,295.7	−0.116%	$30K	$20K	100x	as long as short
Bitget XPDUSDT	+0.0570%	4h	1,296.2	−0.074%	$5.0M	$247K	100x	as long as short
Aster XPDUSDT	+0.0655%	4h	1,296.3	−0.070%	$26K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1056%	4h	1,296.5	−0.050%	$335K	$711K	25x	as long as short