Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1622%/8h= +177.6% APRpaid last 24h +0.119%

Price spread now: GRVT against Injective−1.046%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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 1.046% cheaper against Injective than usual: you would sell low and buy high (spread −1.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$105 on $10k: about 2.2 days of funding at the current rate (+$49 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,814.7	0.0220	pay 0.0028% / 1h	52m 40s	$6K	$34K	52x
Short	GRVT XPT_USDT_Perp	1,795.8	0.1842	get 0.0921% / 4h	2h 52m	$206K	$812K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −1.046%Rate

Funding earned: $340.62
Price spread: −1.046% → 0.000%: −$104.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $226.96
Costs to cover: 0.090%
Break-even: 2.3 days

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 55 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 GRVT live order book, 55 min ago	0.03 bp	8.2 bp −$8	doesn't fit	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	1,797	−0.976%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.6	−1.219%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.8	−1.209%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795.6	−1.053%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,814.7	long leg	$6K	$34K	52x
Aevo PLATINUM-PERP	+0.0464%	1h	1,798.3	−0.904%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0806%	1h	1,795.3	−1.071%	$3.6M	$1.0M	20x	as long as short
KuCoin XPTUSDTM	+0.0852%	4h	1,798.8	−0.879%	$249K	$40K	75x	as long as short
Paradex XPT-USD-PERP	+0.0877%	8h	1,797.4	−0.958%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0920%	4h	1,798.5	−0.894%	$736K	$503K	100x	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	+0.1247%	4h	1,796.8	−0.986%	$280K	$187K	—	as long as short
Aster XPTUSDT	+0.1271%	4h	1,795.5	−1.061%	$14K	$9K	20x	as long as short
OKX XPT-USDT-SWAP	+0.1276%	8h	1,798.1	−0.917%	$964K	$634K	50x	as long as short
edgeX XPTUSDC	+0.1296%	4h	1,796.6	−0.997%	$39K	$281K	10x	as long as short
MEXC XPT_USDT	+0.1304%	4h	1,793.5	−1.169%	$23.5M	$606K	100x	as long as short
Binance XPTUSDT	+0.1319%	4h	1,797.4	−0.954%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1337%	4h	1,797.3	−0.960%	$90K	$68K	100x	as long as short
Lighter XPT	+0.1344%	1h	1,799	−0.867%	$356K	$19K	20x	as long as short
Bitget XPTUSDT	+0.1362%	4h	1,796.4	−1.013%	$1.4M	$487K	100x	as long as short
Extended XPT-USD	+0.1584%	1h	1,792.5	−1.225%	$203K	$620K	10x	as long as short
GRVT XPT_USDT_Perpshort	+0.1842%	4h	1,795.8	−1.046%	$206K	$812K	25x