Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0439%/8h= +48.0% APRpaid last 24h −0.022%

Price spread now: Binance against Injective−0.822%7-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 Binance

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

Funding pays, the price is against you. Binance is 0.822% cheaper against Injective than usual: you would sell low and buy high (spread −0.822% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$82 on $10k: about 6.2 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,816	0.0220	pay 0.0028% / 1h	31m 13s	$6K	$34K	52x
Short	Binance XPTUSDT	1,801.1	0.0659	get 0.0329% / 4h	1h 31m	$4.3M	$3.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.822%Rate

Funding earned: $92.13
Price spread: −0.822% → 0.000%: −$82.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$0.04
Costs to cover: 0.100%
Break-even: 7.0 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 6 min ago. 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 Binance live order book, 6 min ago	0.78 bp	10.7 bp −$11	23.8 bp −$238	112.4 bp −$11.2K	doesn't fit

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-USDT	0.0000%	4h	1,799.7	−0.899%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,797.6	−1.017%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,798.1	−0.987%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.3	−1.032%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,801.5	−0.800%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,816	long leg	$6K	$34K	52x
Gate XPT_USDT	+0.0400%	4h	1,800	−0.882%	$637K	$430K	100x	as long as short
KuCoin XPTUSDTM	+0.0456%	4h	1,800.5	−0.853%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0499%	1h	1,799.5	−0.910%	$3.6M	$976K	20x	as long as short
Variational Omni XPT	+0.0585%	4h	1,799	−0.936%	$280K	$228K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0604%	4h	1,799.8	−0.895%	$14K	$10K	20x	as long as short
MEXC XPT_USDT	+0.0656%	4h	1,798.4	−0.972%	$23.7M	$655K	100x	as long as short
Binance XPTUSDTshort	+0.0659%	4h	1,801.1	−0.822%	$4.3M	$3.8M	100x
Paradex XPT-USD-PERP	+0.0666%	8h	1,800.6	−0.849%	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.0672%	4h	1,799.2	−0.929%	$39K	$283K	10x	as long as short
BloFin XPT-USDT	+0.0702%	4h	1,800.5	−0.857%	$85K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0752%	4h	1,799.6	−0.904%	$1.3M	$393K	100x	as long as short
Extended XPT-USD	+0.0776%	1h	1,797.9	−0.996%	$199K	$616K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0812%	8h	1,801.5	−0.800%	$900K	$525K	50x	as long as short
Lighter XPT	+0.0872%	1h	1,802	−0.772%	$357K	$15K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1134%	4h	1,799.3	−0.919%	$205K	$846K	25x	as long as short