Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1363%/8h= −149.2% APRpaid last 24h −0.060%

Price spread now: Injective against GRVT+2.668%7-day average — · you sell dearer than you buy

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

Long on GRVT 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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.668% dearer against GRVT than usual: you sell high and buy low (spread +2.668% now, against zero (this spread has no 7-day history yet)): +$267 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XPD_USDT_Perp	1,298.2	0.1396	pay 0.0698% / 4h	3h 52m	$337K	$720K	25x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	52m 03s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. 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 GRVTbpFee InjectivebpOrdersPrice spread, now +2.668%Rate

Funding earned: −$286.16
Price spread: +2.668% → 0.000%: $266.76
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$28.42
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 26 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 GRVT live order book, 26 min ago	0.62 bp	9.8 bp −$10	8426.1 bp −$84.3K	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
BloFin XPD-USDT	−0.0046%	4h	1,298.4	+0.017%	$30K	$20K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,298	−0.014%	$535K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,296	−0.165%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,297	−0.092%	—	—	—	as long as short
MEXC XPD_USDT	+0.0012%	4h	1,297.8	−0.032%	$13.1M	$268K	100x	as long as short
edgeX XPDUSDC	+0.0016%	4h	1,298.1	−0.009%	$37K	$205K	10x	as long as short
Binance XPDUSDT	+0.0022%	4h	1,299.5	+0.105%	$3.8M	$4.7M	100x	as long as short
Lighter XPD	+0.0032%	1h	1,299.6	+0.110%	$401K	$158K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+2.668%	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.5	−0.129%	$2.7M	$491K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XPDUSDTM	+0.0100%	4h	1,296.8	−0.106%	$169K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0117%	8h	1,299	+0.064%	$321K	$473K	50x	as long as short
Aster XPDUSDT	+0.0178%	4h	1,297.9	−0.023%	$26K	$5K	20x	as long as short
Gate XPD_USDT	+0.0222%	4h	1,299.5	+0.103%	$2.0M	$467K	100x	as long as short
Bitget XPDUSDT	+0.0242%	4h	1,296.8	−0.102%	$5.0M	$240K	100x	as long as short
HTX XPD-USDT	+0.0519%	4h	1,299	+0.065%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perplong	+0.1396%	4h	1,298.2	long leg	$337K	$720K	25x