Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0922%/8h= −101.0% APRpaid last 24h −0.017%

Price spread now: Injective against Binance+0.892%7-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

The price spread pays, funding is against you. Injective is 0.892% dearer against Binance than usual: you sell high and buy low (spread +0.892% now, against zero (this spread has no 7-day history yet)): +$89 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XPTUSDT	1,797	0.1142	pay 0.0571% / 4h	3h 17m	$4.5M	$4.3M	100x
Short	Injective XPT/USDC PERP	1,813	0.0220	get 0.0028% / 1h	17m 07s	$6K	$34K	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 +0.892%Rate

Funding earned: −$193.7
Price spread: +0.892% → 0.000%: $89.24
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: −$114.48
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 5 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, 5 min ago	0.44 bp	10.1 bp −$10	26.4 bp −$264	110.9 bp −$11.1K	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	1,797.2	+0.014%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.7	−0.296%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.6	−0.243%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795	−0.110%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,813	+0.892%	$6K	$34K	52x
Aevo PLATINUM-PERP	+0.0360%	1h	1,797.2	+0.012%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0504%	1h	1,794.7	−0.127%	$3.6M	$1.0M	20x	as long as short
Paradex XPT-USD-PERP	+0.0553%	8h	1,797.1	+0.005%	$3K	—	5x	as long as short
KuCoin XPTUSDTM	+0.0698%	4h	1,796.3	−0.037%	$249K	$40K	75x	as long as short
Gate XPT_USDT	+0.0856%	4h	1,797.4	+0.024%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0976%	1h	1,797.8	+0.046%	$355K	$19K	20x	as long as short
Aster XPTUSDT	+0.1001%	4h	1,793.2	−0.208%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.1072%	4h	1,796.7	−0.015%	$280K	$193K	—	as long as short
edgeX XPTUSDC	+0.1106%	4h	1,796.6	−0.022%	$39K	$282K	10x	as long as short
BloFin XPT-USDT	+0.1133%	4h	1,796.6	−0.022%	$89K	$68K	100x	as long as short
MEXC XPT_USDT	+0.1134%	4h	1,793.3	−0.203%	$23.5M	$601K	100x	as long as short
Binance XPTUSDTlong	+0.1142%	4h	1,797	long leg	$4.5M	$4.3M	100x
OKX XPT-USDT-SWAP	+0.1182%	8h	1,796.9	−0.004%	$955K	$619K	50x	as long as short
Bitget XPTUSDT	+0.1202%	4h	1,794.5	−0.135%	$1.4M	$471K	100x	as long as short
Extended XPT-USD	+0.1232%	1h	1,791.7	−0.291%	$205K	$618K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1548%	4h	1,796.6	−0.019%	$205K	$812K	25x	as long as short