Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0405%/8h= +44.4% APRpaid last 24h +0.002%

Price spread now: Aster against Injective−2.872%107s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 2.872% cheaper against Injective than usual: you would sell low and buy high (spread −2.872% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$287 on $10k: about 24 days of funding at the current rate (+$12 a day). The two prices were read 107 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	Injective XPD/USDC PERP	1,332.8	0.0033	pay 0.0004% / 1h	35m 32s	$16K	$20K	52x
Short	Aster XPDUSDT	1,294.5	0.0439	get 0.0219% / 4h	1h 35m	$26K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −2.872%Rate

Funding earned: $85.09
Price spread: −2.872% → 0.000%: −$287.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$210.15
Costs to cover: 0.080%
Break-even: 24.3 days

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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	1,295.6	−2.789%	$2.0M	$477K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,294	−2.915%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,293.8	−2.929%	$9K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,292.6	−3.018%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,295.2	−2.821%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERPlong	+0.0033%	1h	1,332.8	long leg	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,293.1	−2.979%	$2.7M	$477K	20x	as long as short
Variational Omni XPD	+0.0077%	4h	1,295	−2.835%	$534K	$24K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,295.4	−2.804%	$168K	$7K	75x	as long as short
Binance XPDUSDT	+0.0171%	4h	1,295.5	−2.800%	$3.7M	$4.8M	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	+0.0178%	4h	1,294.9	−2.845%	$13.0M	$270K	100x	as long as short
edgeX XPDUSDC	+0.0180%	4h	1,294	−2.910%	$37K	$205K	10x	as long as short
BloFin XPD-USDT	+0.0239%	4h	1,293.9	−2.919%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0310%	8h	1,295.1	−2.829%	$323K	$478K	50x	as long as short
Aster XPDUSDTshort	+0.0439%	4h	1,294.5	−2.872%	$26K	$5K	20x
Bitget XPDUSDT	+0.0486%	4h	1,294.5	−2.871%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0732%	4h	1,294.8	−2.850%	$337K	$695K	25x	as long as short