Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.035%

Price spread now: Injective against KuCoin+0.972%70s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.972% dearer against KuCoin than usual: you sell high and buy low: +$97 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPTUSDTM	1,815.5	0.0100	pay 0.0050% / 4h	46m 03s	$201K	$23K	75x
Short	Injective XPT/USDC PERP	1,833.1	0.0220	get 0.0028% / 1h	46m 03s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +0.972%Rate

Funding earned: $25.2
Price spread: +0.972% → 0.000%: $97.22
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $110.4
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 8 min ago; Injective: 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 KuCoin live order book, 8 min ago	7.90 bp	19.2 bp −$19	235.7 bp −$2,357	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	1,815.7	+0.009%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,813.8	−0.096%	$233	—	150x	as long as short
Extended XPT-USD	+0.0032%	1h	1,814	−0.083%	$207K	$454K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,814	−0.082%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,814.1	−0.077%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,814	−0.082%	$17K	$20K	10x	as long as short
KuCoin XPTUSDTMlong	+0.0100%	4h	1,815.5	long leg	$201K	$23K	75x
Aevo PLATINUM-PERP	+0.0104%	1h	1,816.1	+0.033%	$309	—	10x	as long as short
Variational Omni XPT	+0.0187%	4h	1,815.2	−0.018%	$287K	$329K	—	as long as short
BloFin XPT-USDT	+0.0216%	4h	1,815	−0.026%	$86K	$63K	100x	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 PERPshort	+0.0220%	1h	1,833.1	+0.972%	$6K	$34K	52x
Gate XPT_USDT	+0.0240%	4h	1,815.9	+0.023%	$688K	$345K	100x	as long as short
Binance XPTUSDT	+0.0252%	4h	1,816	+0.027%	$4.3M	$4.1M	100x	as long as short
MEXC XPT_USDT	+0.0252%	4h	1,815.4	−0.005%	$24.1M	$644K	100x	as long as short
edgeX XPTUSDC	+0.0268%	4h	1,815.3	−0.012%	$40K	$283K	10x	as long as short
Paradex XPT-USD-PERP	+0.0281%	8h	1,815.6	+0.006%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0324%	4h	1,815.1	−0.023%	$15K	$31K	20x	as long as short
Bitget XPTUSDT	+0.0352%	4h	1,814.3	−0.068%	$1.2M	$324K	100x	as long as short
Lighter XPT	+0.0352%	1h	1,817	+0.083%	$359K	$19K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0592%	4h	1,815.1	−0.020%	$206K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0707%	8h	1,815.9	+0.023%	$918K	$527K	50x	as long as short