Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h +0.043%

Price spread now: Injective against Aster+1.023%107s7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 1.023% dearer against Aster than usual: you sell high and buy low (spread +1.023% now, against zero (this spread has no 7-day history yet)): +$102 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 days. 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	Aster XPTUSDT	1,808	0.0521	pay 0.0261% / 4h	2h 25m	$13K	$29K	20x
Short	Injective XPT/USDC PERP	1,826.5	0.0220	get 0.0028% / 1h	25m 33s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now +1.023%Rate

Funding earned: −$63.29
Price spread: +1.023% → 0.000%: $102.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $30.95
Costs to cover: 0.080%
Break-even: from the start

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

Aster 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.

XPT on 20 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
HTX XPT-USDT	0.0000%	4h	1,808.4	+0.022%	$11K	$36K	30x	as long as short
Extended XPT-USD	+0.0032%	1h	1,806.5	−0.084%	$198K	$444K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,805.6	−0.132%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,806	−0.110%	$17K	$20K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,808.6	+0.032%	$307	$54	10x	as long as short
Gate XPT_USDT	+0.0174%	4h	1,809.3	+0.073%	$699K	$431K	100x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,826.5	+1.023%	$6K	$34K	52x
KuCoin XPTUSDTM	+0.0230%	4h	1,807.5	−0.025%	$201K	$55K	75x	as long as short
Lighter XPT	+0.0248%	1h	1,810	+0.112%	$358K	$21K	20x	as long as short
tradeXYZ xyz:PLATINUM	+0.0282%	1h	1,807.1	−0.049%	$3.6M	$1.4M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0391%	4h	1,808.2	+0.014%	$278K	$326K	—	as long as short
BloFin XPT-USDT	+0.0391%	4h	1,808.4	+0.025%	$86K	$63K	100x	as long as short
Binance XPTUSDT	+0.0425%	4h	1,808.4	+0.023%	$4.3M	$4.4M	100x	as long as short
edgeX XPTUSDC	+0.0429%	4h	1,808.5	+0.031%	$39K	$281K	10x	as long as short
MEXC XPT_USDT	+0.0434%	4h	1,808.3	+0.017%	$24.1M	$632K	100x	as long as short
Paradex XPT-USD-PERP	+0.0445%	8h	1,808.4	+0.023%	$3K	—	5x	as long as short
Aster XPTUSDTlong	+0.0521%	4h	1,808	long leg	$13K	$29K	20x
Bitget XPTUSDT	+0.0660%	4h	1,807.5	−0.029%	$1.2M	$429K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0809%	8h	1,808.8	+0.045%	$922K	$640K	50x	as long as short
GRVT XPT_USDT_Perp	+0.0924%	4h	1,808.1	+0.006%	$207K	$1.2M	25x	as long as short