Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.002%

Price spread now: Injective against KuCoin+1.068%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 1.068% dearer against KuCoin than usual: you sell high and buy low: +$107 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPTUSDTM	1,792	0.0100	pay 0.0050% / 4h	1h 43m	$236K	$41K	75x
Short	Injective XPT/USDC PERP	1,811.1	0.0220	get 0.0028% / 1h	43m 08s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +1.068%Rate

Funding earned: $25.2
Price spread: +1.068% → 0.000%: $106.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $119.93
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 59 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 KuCoin live order book, 59 min ago	7.76 bp	25.3 bp −$25	217.4 bp −$2,174	doesn't fit	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 exchanges

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
Aster XPTUSDT	0.0000%	4h	1,792.6	+0.034%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,792.2	+0.013%	$4.6M	$6.0M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,791.6	−0.025%	$23.0M	$713K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,791.6	−0.025%	$251K	$196K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,791.4	−0.032%	$11K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,788.9	−0.175%	$229	—	150x	as long as short
BloFin XPT-USDT	+0.0014%	4h	1,792.1	+0.008%	$87K	$75K	100x	as long as short
edgeX XPTUSDC	+0.0015%	4h	1,791.1	−0.053%	$39K	$283K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,787.4	−0.257%	—	—	25x	as long as short
Bitget XPTUSDT	+0.0078%	4h	1,791.9	−0.007%	$1.3M	$627K	100x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PLATINUM	+0.0100%	1h	1,788.6	−0.193%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTMlong	+0.0100%	4h	1,792	long leg	$236K	$41K	75x
Aevo PLATINUM-PERP	+0.0104%	1h	1,791.9	−0.008%	$305	—	10x	as long as short
Gate XPT_USDT	+0.0130%	4h	1,792	−0.003%	$642K	$597K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0137%	1h	1,790	−0.112%	$3.4M	$1.1M	20x	as long as short
GRVT XPT_USDT_Perp	+0.0146%	4h	1,792.6	+0.031%	$207K	$757K	25x	as long as short
Paradex XPT-USD-PERP	+0.0159%	8h	1,791.2	−0.047%	$3K	—	5x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,811.1	+1.068%	$6K	$34K	52x
Lighter XPT	+0.0488%	1h	1,793.3	+0.073%	$358K	$51K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0516%	8h	1,791.3	−0.039%	$908K	$1.1M	50x	as long as short
Extended XPT-USD	+0.0744%	1h	1,789.2	−0.158%	$147K	$706K	10x	as long as short