Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0494%/8h= +54.0% APRpaid last 24h +0.064%

Price spread now: OKX against Injective−8.993%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 OKX

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. OKX is 8.993% cheaper against Injective than usual: you would sell low and buy high (spread −8.993% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$899 on $10k: about 2 months of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	2,002.4	0.0220	pay 0.0028% / 1h	53m 14s	$7K	$34K	52x
Short	OKX XPT-USDT-SWAP	1,822.3	0.0714	get 0.0714% / 8h	7h 53m	$925K	$536K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −8.993%Rate

Funding earned: $103.65
Price spread: −8.993% → 0.000%: −$899.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$805.7
Costs to cover: 0.100%
Break-even: 61.4 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, 18 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 OKX live order book, 18 min ago	0.28 bp	10.6 bp −$11	27.8 bp −$278	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	1,821.4	−9.040%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,819.4	−9.137%	$233	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,820.1	−9.103%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,820	−9.108%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,819.3	−9.141%	$17K	$27K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,821.3	−9.042%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,821.3	−9.045%	$310	—	10x	as long as short
Gate XPT_USDT	+0.0108%	4h	1,821.9	−9.013%	$676K	$351K	100x	as long as short
Extended XPT-USD	+0.0208%	1h	1,819.9	−9.114%	$205K	$454K	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	2,002.4	long leg	$7K	$34K	52x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0238%	4h	1,822.3	−8.993%	$289K	$326K	—	as long as short
BloFin XPT-USDT	+0.0265%	4h	1,821.5	−9.032%	$85K	$64K	100x	as long as short
MEXC XPT_USDT	+0.0300%	4h	1,820.8	−9.069%	$24.2M	$644K	100x	as long as short
Binance XPTUSDT	+0.0302%	4h	1,821.8	−9.020%	$4.3M	$3.9M	100x	as long as short
edgeX XPTUSDC	+0.0308%	4h	1,821	−9.060%	$40K	$281K	10x	as long as short
Aster XPTUSDT	+0.0362%	4h	1,820	−9.107%	$15K	$12K	20x	as long as short
Paradex XPT-USD-PERP	+0.0375%	8h	1,821.8	−9.017%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0378%	4h	1,821	−9.060%	$1.3M	$325K	100x	as long as short
Lighter XPT	+0.0392%	1h	1,821.9	−9.013%	$360K	$16K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0598%	4h	1,822.5	−8.982%	$207K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAPshort	+0.0714%	8h	1,822.3	−8.993%	$925K	$536K	50x