Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0442%/8h= +48.4% APRpaid last 24h +0.016%

Price spread now: MEXC against Injective−0.920%85s7-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 MEXC

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. MEXC is 0.920% cheaper against Injective than usual: you would sell low and buy high (spread −0.920% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$92 on $10k: about 6.9 days of funding at the current rate (+$13 a day). The two prices were read 85 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 XPT/USDC PERP	1,803.6	0.0220	pay 0.0028% / 1h	33m 50s	$6K	$34K	52x
Short	MEXC XPT_USDT	1,787	0.0662	get 0.0331% / 4h	33m 50s	$23.3M	$651K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.920%Rate

Funding earned: $92.82
Price spread: −0.920% → 0.000%: −$92.04
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.76
Costs to cover: 0.000%
Break-even: 6.9 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	3.30 bp	7.5 bp −$7	11.6 bp −$116	58.9 bp −$5,888	237.5 bp −$118.7K

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	1,787.9	−0.874%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,785.5	−1.003%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,785.2	−1.021%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,786	−0.976%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,785.5	−1.006%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,787.6	−0.886%	$239K	$40K	75x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,803.6	long leg	$6K	$34K	52x
Lighter XPT	+0.0312%	1h	1,789	−0.810%	$356K	$24K	20x	as long as short
Paradex XPT-USD-PERP	+0.0314%	8h	1,787.7	−0.884%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0432%	1h	1,788.3	−0.852%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0581%	4h	1,785.2	−1.019%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0619%	4h	1,786.4	−0.956%	$237K	$201K	—	as long as short
Gate XPT_USDT	+0.0628%	4h	1,789.1	−0.807%	$701K	$541K	100x	as long as short
Binance XPTUSDT	+0.0653%	4h	1,787.2	−0.909%	$4.7M	$5.0M	100x	as long as short
MEXC XPT_USDTshort	+0.0662%	4h	1,787	−0.920%	$23.3M	$651K	100x
Extended XPT-USD	+0.0680%	1h	1,784.9	−1.038%	$154K	$699K	10x	as long as short
edgeX XPTUSDC	+0.0696%	4h	1,787.4	−0.900%	$39K	$281K	10x	as long as short
BloFin XPT-USDT	+0.0703%	4h	1,787.5	−0.893%	$96K	$69K	100x	as long as short
Bitget XPTUSDT	+0.0720%	4h	1,785.6	−0.999%	$1.4M	$494K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0858%	4h	1,786.2	−0.965%	$205K	$783K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1104%	8h	1,788.1	−0.860%	$1.0M	$750K	50x	as long as short