Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: HTX against Injective−0.931%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 HTX

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.931% cheaper against Injective than usual: you would sell low and buy high (−$93 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,820.8	0.0220	pay 0.0028% / 1h	50m 29s	$6K	$34K	52x
Short	HTX XPT-USDT	1,803.9	0	get 0.0000% / 4h	1h 50m	$11K	$37K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.931%Rate

Funding earned: −$46.2
Price spread: −0.931% → 0.000%: −$93.14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$151.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Injective and HTX: 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 20 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-USDTshort	0.0000%	4h	1,803.9	−0.931%	$11K	$37K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,795.1	−1.412%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796.5	−1.336%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795.4	−1.397%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,799.6	−1.164%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,820.8	long leg	$6K	$34K	52x
Gate XPT_USDT	+0.0360%	4h	1,800	−1.144%	$635K	$427K	100x	as long as short
KuCoin XPTUSDTM	+0.0382%	4h	1,800.7	−1.107%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0473%	1h	1,797.9	−1.259%	$3.6M	$985K	20x	as long as short
Variational Omni XPT	+0.0514%	4h	1,798.9	−1.206%	$280K	$232K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0529%	4h	1,799.6	−1.164%	$14K	$10K	20x	as long as short
MEXC XPT_USDT	+0.0570%	4h	1,799	−1.200%	$23.7M	$653K	100x	as long as short
Binance XPTUSDT	+0.0576%	4h	1,799.3	−1.182%	$4.2M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0577%	4h	1,803.5	−0.954%	$39K	$282K	10x	as long as short
Paradex XPT-USD-PERP	+0.0621%	8h	1,799.5	−1.172%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0670%	4h	1,798.9	−1.206%	$1.3M	$393K	100x	as long as short
Extended XPT-USD	+0.0720%	1h	1,796.1	−1.360%	$204K	$617K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0769%	8h	1,800.3	−1.128%	$902K	$512K	50x	as long as short
Lighter XPT	+0.0832%	1h	1,801	−1.089%	$356K	$14K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1062%	4h	1,802.5	−1.006%	$205K	$872K	25x	as long as short