Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Binance+3.126%47s7-day average — · you sell dearer than you buy

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

Long on Binance 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 +$1 a day on $10k at the current rate, and Injective is 3.126% dearer against Binance than usual: you sell high and buy low: +$313 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	Binance XPDUSDT	1,292.4	0	get 0.0000% / 4h	1h 46m	$3.7M	$5.3M	100x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	46m 34s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +3.126%Rate

Funding earned: $7
Price spread: +3.126% → 0.000%: $312.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $309.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	1.43 bp	15.0 bp −$15	32.0 bp −$320	144.6 bp −$14.5K	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.

XPD on 17 exchanges

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
Aster XPDUSDT	0.0000%	4h	1,292.3	−0.005%	$26K	$7K	20x	as long as short
Binance XPDUSDTlong	0.0000%	4h	1,292.4	long leg	$3.7M	$5.3M	100x
OKX XPD-USDT-SWAP	0.0000%	8h	1,292.4	0.000%	$342K	$569K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,293	+0.043%	$2.0M	$487K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,292.2	−0.017%	$13.5M	$377K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,291.9	−0.042%	$5.0M	$309K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,293.2	+0.061%	$525K	$29K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,290.9	−0.117%	—	$1.5M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,293.6	+0.090%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,290.8	−0.123%	—	—	—	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0008%	4h	1,293.4	+0.079%	$37K	$206K	10x	as long as short
BloFin XPD-USDT	+0.0011%	4h	1,294.4	+0.156%	$33K	$23K	100x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+3.126%	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,290.6	−0.139%	$2.6M	$570K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,292.8	+0.033%	$168K	$7K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0234%	4h	1,293	+0.047%	$335K	$625K	25x	as long as short
Lighter XPD	+0.0264%	1h	1,292.9	+0.039%	$397K	$159K	20x	as long as short