Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.037%

Price spread now: edgeX against Injective−0.936%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 edgeX

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

Funding pays, the price is against you. edgeX is 0.936% cheaper against Injective than usual: you would sell low and buy high (spread −0.936% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$94 on $10k: about 54 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,828.5	0.0220	pay 0.0028% / 1h	17m 58s	$6K	$34K	52x
Short	edgeX XPTUSDC	1,811.4	0.0278	get 0.0139% / 4h	1h 17m	$39K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.936%Rate

Funding earned: $12.19
Price spread: −0.936% → 0.000%: −$93.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$90.45
Costs to cover: 0.090%
Break-even: 58.9 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 65 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 edgeX live order book, 65 min ago	0.69 bp	5.9 bp −$6	129.2 bp −$1,292	doesn't fit	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	1,810.4	−0.992%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,808.3	−1.104%	$232	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,808.6	−1.090%	—	$50	25x	as long as short
Extended XPT-USD	+0.0088%	1h	1,808.5	−1.097%	$198K	$448K	10x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,808.1	−1.118%	$17K	$20K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,810.7	−0.973%	$201K	$25K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,811.7	−0.921%	$308	—	10x	as long as short
Gate XPT_USDT	+0.0200%	4h	1,812	−0.902%	$695K	$339K	100x	as long as short
Variational Omni XPT	+0.0207%	4h	1,811.4	−0.935%	$283K	$325K	—	as long as short
tradeXYZ xyz:PLATINUM	+0.0207%	1h	1,809.4	−1.046%	$3.6M	$1.1M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPT/USDC PERPlong	+0.0220%	1h	1,828.5	long leg	$6K	$34K	52x
BloFin XPT-USDT	+0.0243%	4h	1,811.7	−0.919%	$86K	$63K	100x	as long as short
edgeX XPTUSDCshort	+0.0278%	4h	1,811.4	−0.936%	$39K	$283K	10x
MEXC XPT_USDT	+0.0282%	4h	1,810.1	−1.009%	$24.1M	$633K	100x	as long as short
Binance XPTUSDT	+0.0287%	4h	1,811.6	−0.928%	$4.3M	$4.1M	100x	as long as short
Paradex XPT-USD-PERP	+0.0342%	8h	1,811.4	−0.938%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0371%	4h	1,810.2	−1.005%	$15K	$31K	20x	as long as short
Bitget XPTUSDT	+0.0430%	4h	1,809.7	−1.030%	$1.2M	$321K	100x	as long as short
Lighter XPT	+0.0624%	1h	1,812.6	−0.871%	$359K	$20K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0624%	4h	1,811.2	−0.945%	$206K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0714%	8h	1,811.8	−0.915%	$917K	$523K	50x	as long as short