Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0533%/8h= +58.3% APRpaid last 24h −0.018%

Price spread now: BloFin against Injective−1.232%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 BloFin

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. BloFin is 1.232% cheaper against Injective than usual: you would sell low and buy high (spread −1.232% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$123 on $10k: about 7.7 days of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,820.4	0.0220	pay 0.0028% / 1h	10m 26s	$6K	$34K	52x
Short	BloFin XPT-USDT	1,798	0.0753	get 0.0376% / 4h	1h 10m	$85K	$68K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −1.232%Rate

Funding earned: $111.89
Price spread: −1.232% → 0.000%: −$123.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.34
Costs to cover: 0.120%
Break-even: 8.5 days

Slippage unknown: Injective: no order-book sample; BloFin: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Injective and BloFin: 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	1,798.3	−1.219%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.2	−1.442%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.8	−1.408%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,793.9	−1.459%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.2	−1.223%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,820.4	long leg	$6K	$34K	52x
Gate XPT_USDT	+0.0394%	4h	1,799	−1.179%	$638K	$437K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0493%	1h	1,796.8	−1.299%	$3.6M	$979K	20x	as long as short
KuCoin XPTUSDTM	+0.0524%	4h	1,800.3	−1.108%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0642%	4h	1,796.5	−1.315%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0655%	4h	1,797.5	−1.258%	$279K	$217K	—	as long as short
Paradex XPT-USD-PERP	+0.0666%	8h	1,797.9	−1.239%	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.0705%	4h	1,799	−1.177%	$39K	$281K	10x	as long as short
MEXC XPT_USDT	+0.0714%	4h	1,797.7	−1.250%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0721%	4h	1,798.2	−1.224%	$4.3M	$3.8M	100x	as long as short
Extended XPT-USD	+0.0752%	1h	1,794.1	−1.445%	$205K	$623K	10x	as long as short
BloFin XPT-USDTshort	+0.0753%	4h	1,798	−1.232%	$85K	$68K	100x
Bitget XPTUSDT	+0.0810%	4h	1,797.4	−1.265%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0869%	8h	1,799	−1.178%	$938K	$564K	50x	as long as short
Lighter XPT	+0.0872%	1h	1,799.5	−1.150%	$355K	$15K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1140%	4h	1,798.9	−1.183%	$205K	$829K	25x	as long as short