Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.033%

Price spread now: Injective against Binance+0.982%7-day average — · you sell dearer than you buy

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

Long on Binance 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 0.982% dearer against Binance than usual: you sell high and buy low (spread +0.982% now, against zero (this spread has no 7-day history yet)): +$98 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPTUSDT	1,782.8	0.0267	pay 0.0134% / 4h	3h 47m	$4.6M	$5.3M	100x
Short	Injective XPT/USDC PERP	1,800.3	0.0220	get 0.0028% / 1h	47m 00s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.982%Rate

Funding earned: −$9.91
Price spread: +0.982% → 0.000%: $98.18
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $78.25
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	0.14 bp	6.8 bp −$7	21.7 bp −$217	114.7 bp −$11.5K	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.

XPT on 21 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
GRVT XPT_USDT_Perp	0.0000%	4h	1,783.2	+0.023%	$206K	$784K	25x	as long as short
HTX XPT-USDT	0.0000%	4h	1,782.5	−0.017%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.3	−0.081%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,779.8	−0.167%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,781.2	−0.088%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,780.7	−0.119%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,781.5	−0.069%	$235K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0181%	8h	1,782.4	−0.019%	$3K	—	5x	as long as short
Lighter XPT	+0.0200%	1h	1,783.9	+0.063%	$356K	$42K	20x	as long as short
Variational Omni XPT	+0.0204%	4h	1,782.8	+0.001%	$245K	$206K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0218%	4h	1,782.1	−0.040%	$15K	$10K	20x	as long as short
Gate XPT_USDT	+0.0220%	4h	1,783.4	+0.036%	$673K	$551K	100x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,800.3	+0.982%	$6K	$34K	52x
Extended XPT-USD	+0.0224%	1h	1,780.7	−0.115%	$153K	$707K	10x	as long as short
BloFin XPT-USDT	+0.0251%	4h	1,783.1	+0.016%	$97K	$70K	100x	as long as short
Binance XPTUSDTlong	+0.0267%	4h	1,782.8	long leg	$4.6M	$5.3M	100x
MEXC XPT_USDT	+0.0270%	4h	1,782.7	−0.003%	$23.1M	$647K	100x	as long as short
Aevo PLATINUM-PERP	+0.0280%	1h	1,783	+0.014%	$303	—	10x	as long as short
edgeX XPTUSDC	+0.0280%	4h	1,783.5	+0.043%	$39K	$283K	10x	as long as short
Bitget XPTUSDT	+0.0400%	4h	1,782.6	−0.008%	$1.3M	$533K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0910%	8h	1,783.3	+0.029%	$1.0M	$796K	50x	as long as short