Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h −0.022%

Price spread now: Binance against Injective−1.143%7-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 Binance

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

Funding pays, the price is against you. Binance is 1.143% cheaper against Injective than usual: you would sell low and buy high (spread −1.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$114 on $10k: about 5.6 days of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,818	0.0220	pay 0.0028% / 1h	12m 40s	$6K	$34K	52x
Short	Binance XPTUSDT	1,797.2	0.0904	get 0.0452% / 4h	12m 40s	$4.5M	$4.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −1.143%Rate

Funding earned: $143.55
Price spread: −1.143% → 0.000%: −$114.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $19.23
Costs to cover: 0.100%
Break-even: 6.1 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 9 min ago. 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 Binance live order book, 9 min ago	1.03 bp	9.3 bp −$9	22.0 bp −$220	107.5 bp −$10.7K	doesn't fit

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	1,798.6	−1.067%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.5	−1.399%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.5	−1.346%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.2	−1.418%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0200%	1h	1,797.9	−1.105%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,818	long leg	$6K	$34K	52x
tradeXYZ xyz:PLATINUM	+0.0443%	1h	1,795.5	−1.236%	$3.6M	$994K	20x	as long as short
Gate XPT_USDT	+0.0498%	4h	1,798.9	−1.052%	$733K	$504K	100x	as long as short
KuCoin XPTUSDTM	+0.0734%	4h	1,795.9	−1.213%	$249K	$40K	75x	as long as short
Variational Omni XPT	+0.0823%	4h	1,798.9	−1.048%	$279K	$207K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPT-USD-PERP	+0.0828%	8h	1,797.2	−1.142%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0839%	4h	1,797.6	−1.120%	$14K	$9K	20x	as long as short
edgeX XPTUSDC	+0.0856%	4h	1,797.1	−1.146%	$39K	$283K	10x	as long as short
MEXC XPT_USDT	+0.0892%	4h	1,794.9	−1.267%	$23.6M	$646K	100x	as long as short
Binance XPTUSDTshort	+0.0904%	4h	1,797.2	−1.143%	$4.5M	$4.3M	100x
Extended XPT-USD	+0.0904%	1h	1,792.4	−1.407%	$207K	$612K	10x	as long as short
BloFin XPT-USDT	+0.0924%	4h	1,797.7	−1.115%	$89K	$68K	100x	as long as short
Lighter XPT	+0.0960%	1h	1,799	−1.043%	$355K	$16K	20x	as long as short
Bitget XPTUSDT	+0.1006%	4h	1,796.5	−1.179%	$1.3M	$450K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1016%	8h	1,798.4	−1.076%	$943K	$609K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1252%	4h	1,796.6	−1.176%	$204K	$813K	25x	as long as short