Funding you earn now, next payment 05:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.007%
Price spread now: Injective against Bitget+2.728%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Injective is 2.728% dearer against Bitget than usual: you sell high and buy low (spread +2.728% now, against zero (this spread has no 7-day history yet)): +$273 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 38 days. The two prices were read 51 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 | Bitget XPDUSDT | 1,297.4 | 0.0274 | pay 0.0137% / 4h | 3h 46m | $5.0M | $240K | 100x |
| Short | Injective XPD/USDC PERP | 1,332.8 | 0.0033 | get 0.0004% / 1h | 46m 19s | $16K | $20K | 52x |
Bitget XPDUSDT
Injective XPD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.54
- Price spread: +2.728% → 0.000%
- $272.77
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $210.21
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 4.89 bp | 14.8 bp −$15 | 38.4 bp −$384 | 125.6 bp −$12.6K | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPD | 0.0000% | 4h | 1,299.3 | +0.146% | $536K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,297 | −0.034% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,297.5 | +0.010% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0030% | 4h | 1,299.8 | +0.182% | $37K | $206K | 10x | as long as short |
| Lighter XPD | +0.0032% | 1h | 1,300.1 | +0.207% | $401K | $158K | 20x | as long as short |
| Injective XPD/USDC PERPshort | +0.0033% | 1h | 1,332.8 | +2.728% | $16K | $20K | 52x | |
| MEXC XPD_USDT | +0.0048% | 4h | 1,298.6 | +0.090% | $13.1M | $268K | 100x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,297 | −0.032% | $2.7M | $493K | 20x | as long as short |
| Binance XPDUSDT | +0.0056% | 4h | 1,300 | +0.198% | $3.8M | $4.7M | 100x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,299.5 | +0.161% | $169K | $5K | 75x | as long as short |
Variational Omni XPD
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
Lighter XPD
MEXC XPD_USDT
tradeXYZ xyz:PALLADIUM
Binance XPDUSDT
KuCoin XPDUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPD-USDT | +0.0108% | 4h | 1,300.5 | +0.241% | $30K | $20K | 100x | as long as short |
| OKX XPD-USDT-SWAP | +0.0136% | 8h | 1,299.5 | +0.161% | $321K | $474K | 50x | as long as short |
| Gate XPD_USDT | +0.0200% | 4h | 1,299.8 | +0.187% | $2.0M | $469K | 100x | as long as short |
| Aster XPDUSDT | +0.0211% | 4h | 1,298.5 | +0.086% | $26K | $5K | 20x | as long as short |
| Bitget XPDUSDTlong | +0.0274% | 4h | 1,297.4 | long leg | $5.0M | $240K | 100x | |
| HTX XPD-USDT | +0.0480% | 4h | 1,299.8 | +0.186% | $9K | $34K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1338% | 4h | 1,299.6 | +0.167% | $338K | $720K | 25x | as long as short |
BloFin XPD-USDT
OKX XPD-USDT-SWAP
Gate XPD_USDT
Aster XPDUSDT
HTX XPD-USDT
GRVT XPD_USDT_Perp