Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.022%

Price spread now: Aster against Injective−1.304%107s7-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 Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 1.304% cheaper against Injective than usual: you would sell low and buy high (spread −1.304% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$130 on $10k: about 47 days of funding at the current rate (+$3 a day). The two prices were read 107 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	Injective XPD/USDC PERP	1,332.8	0.0033	pay 0.0004% / 1h	45m 25s	$16K	$20K	52x
Short	Aster XPDUSDT	1,315.4	0.0125	get 0.0062% / 4h	45m 25s	$27K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −1.304%Rate

Funding earned: $19.24
Price spread: −1.304% → 0.000%: −$130.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$119.15
Costs to cover: 0.080%
Break-even: 50.4 days

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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
tradeXYZ xyz:PALLADIUM	−0.0008%	1h	1,313.6	−1.441%	$2.7M	$524K	20x	as long as short
BloFin XPD-USDT	−0.0005%	4h	1,316.5	−1.222%	$30K	$19K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,316.4	−1.230%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.5	−1.220%	$2.0M	$409K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,315.5	−1.296%	$13.2M	$337K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.4	−1.230%	$541K	$12K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315.3	−1.315%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,315.9	−1.270%	$10K	$32K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313	−1.484%	—	—	—	as long as short
edgeX XPDUSDC	+0.0020%	4h	1,316.4	−1.229%	$38K	$206K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,316.8	−1.200%	$404K	$153K	20x	as long as short
Injective XPD/USDC PERPlong	+0.0033%	1h	1,332.8	long leg	$16K	$20K	52x
Bitget XPDUSDT	+0.0076%	4h	1,315.7	−1.280%	$5.0M	$219K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,315.1	−1.327%	$171K	$4K	75x	as long as short
Aster XPDUSDTshort	+0.0125%	4h	1,315.4	−1.304%	$27K	$12K	20x
OKX XPD-USDT-SWAP	+0.0161%	8h	1,315.8	−1.276%	$321K	$486K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0458%	4h	1,316.3	−1.239%	$338K	$1.0M	25x	as long as short