Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h +0.024%

Price spread now: Injective against edgeX+1.280%7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 1.280% dearer against edgeX than usual: you sell high and buy low (spread +1.280% now, against zero (this spread has no 7-day history yet)): +$128 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPTUSDC	1,801.7	0.0498	pay 0.0249% / 4h	2h 03m	$39K	$282K	10x
Short	Injective XPT/USDC PERP	1,824.7	0.0220	get 0.0028% / 1h	3m 59s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now +1.280%Rate

Funding earned: −$58.33
Price spread: +1.280% → 0.000%: $127.99
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $60.64
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 64 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 edgeX live order book, 64 min ago	0.83 bp	6.0 bp −$6	130.9 bp −$1,309	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.

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	1,800.4	−0.068%	$10K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,797.7	−0.222%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,798.5	−0.175%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,800	−0.091%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,801.8	+0.007%	$306	—	10x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,824.7	+1.280%	$6K	$34K	52x
tradeXYZ xyz:PLATINUM	+0.0240%	1h	1,799.7	−0.109%	$3.6M	$983K	20x	as long as short
KuCoin XPTUSDTM	+0.0308%	4h	1,802.6	+0.051%	$201K	$17K	75x	as long as short
Gate XPT_USDT	+0.0314%	4h	1,802	+0.021%	$635K	$433K	100x	as long as short
Variational Omni XPT	+0.0442%	4h	1,801.6	−0.001%	$280K	$232K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0474%	4h	1,802.1	+0.023%	$14K	$10K	20x	as long as short
edgeX XPTUSDClong	+0.0498%	4h	1,801.7	long leg	$39K	$282K	10x
MEXC XPT_USDT	+0.0500%	4h	1,800.8	−0.047%	$23.7M	$662K	100x	as long as short
Binance XPTUSDT	+0.0506%	4h	1,801.5	−0.009%	$4.2M	$3.9M	100x	as long as short
Paradex XPT-USD-PERP	+0.0548%	8h	1,802	+0.017%	$3K	—	5x	as long as short
Extended XPT-USD	+0.0576%	1h	1,798.1	−0.200%	$201K	$611K	10x	as long as short
Bitget XPTUSDT	+0.0596%	4h	1,800.9	−0.044%	$1.3M	$381K	100x	as long as short
Lighter XPT	+0.0728%	1h	1,802.5	+0.047%	$357K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0736%	8h	1,802.1	+0.024%	$903K	$512K	50x	as long as short
GRVT XPT_USDT_Perp	+0.0968%	4h	1,801	−0.037%	$205K	$879K	25x	as long as short