Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against HTX+0.717%65s7-day average — · you sell dearer than you buy

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

Long on HTX 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.717% dearer against HTX than usual: you sell high and buy low: +$72 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	HTX XPT-USDT	1,822.4	0	get 0.0000% / 4h	3h 56m	$11K	$36K	30x
Short	Injective XPT/USDC PERP	1,835.4	0.0220	get 0.0028% / 1h	56m 14s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.717%Rate

Funding earned: $46.2
Price spread: +0.717% → 0.000%: $71.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $105.9
Costs to cover: 0.120%
Break-even: from the start

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

HTX 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 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
HTX XPT-USDTlong	0.0000%	4h	1,822.4	long leg	$11K	$36K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,819.7	−0.143%	$233	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,820.8	−0.085%	—	$50	25x	as long as short
Gate XPT_USDT	+0.0074%	4h	1,823.6	+0.066%	$676K	$351K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0094%	1h	1,820.5	−0.102%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,820.5	−0.102%	$17K	$27K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,820.5	−0.104%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,821.3	−0.059%	$310	—	10x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,835.4	+0.717%	$6K	$34K	52x
Variational Omni XPT	+0.0238%	4h	1,822.3	−0.002%	$289K	$326K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0272%	1h	1,820	−0.129%	$205K	$454K	10x	as long as short
BloFin XPT-USDT	+0.0288%	4h	1,821.3	−0.060%	$86K	$64K	100x	as long as short
edgeX XPTUSDC	+0.0290%	4h	1,821	−0.073%	$40K	$281K	10x	as long as short
Binance XPTUSDT	+0.0303%	4h	1,822	−0.022%	$4.3M	$3.9M	100x	as long as short
MEXC XPT_USDT	+0.0304%	4h	1,821.2	−0.066%	$24.2M	$644K	100x	as long as short
Aster XPTUSDT	+0.0369%	4h	1,819.7	−0.147%	$15K	$12K	20x	as long as short
Bitget XPTUSDT	+0.0386%	4h	1,821.4	−0.055%	$1.3M	$326K	100x	as long as short
Paradex XPT-USD-PERP	+0.0390%	8h	1,822.5	+0.006%	$3K	—	5x	as long as short
Lighter XPT	+0.0472%	1h	1,822.4	+0.003%	$360K	$16K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0692%	4h	1,820.8	−0.083%	$207K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0715%	8h	1,822.8	+0.025%	$925K	$539K	50x	as long as short