Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0688%/8h= −75.3% APRpaid last 24h −0.125%

Price spread now: Injective against OKX+0.027%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.027% dearer against OKX than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPT-USDT-SWAP	1,799.8	0.0721	pay 0.0721% / 8h	6h 57m	$925K	$1.0M	50x
Short	Injective XPT/USDC PERP	1,800.3	0.0033	get 0.0004% / 1h	57m 00s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$144.47
Price spread: +0.027% → 0.000%: $2.67
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$151.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.28 bp	10.8 bp −$11	28.5 bp −$285	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 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
edgeX XPTUSDC	−0.0014%	4h	1,801.3	+0.085%	$39K	$281K	10x	as long as short
Aster XPTUSDT	0.0000%	4h	1,798.9	−0.049%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,799.2	−0.034%	$4.6M	$5.7M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,798.2	−0.089%	$23.1M	$688K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,800.4	+0.032%	$248K	$226K	—	as long as short
GRVT XPT_USDT_Perp	0.0000%	4h	1,799.4	−0.019%	$206K	$783K	25x	as long as short
HTX XPT-USDT	0.0000%	4h	1,802.3	+0.139%	$11K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,799.9	+0.005%	$231	—	150x	as long as short
BloFin XPT-USDT	+0.0018%	4h	1,799.2	−0.033%	$88K	$73K	100x	as long as short
Injective XPT/USDC PERPshort	+0.0033%	1h	1,800.3	+0.027%	$6K	$34K	52x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0038%	4h	1,799.2	−0.033%	$655K	$580K	100x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.7	−0.283%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,797.1	−0.150%	$3.4M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796	−0.211%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,798.2	−0.091%	$237K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0126%	8h	1,798.3	−0.086%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0128%	1h	1,797.8	−0.110%	$306	—	10x	as long as short
Bitget XPTUSDT	+0.0132%	4h	1,798.7	−0.063%	$1.3M	$629K	100x	as long as short
Extended XPT-USD	+0.0168%	1h	1,795.7	−0.227%	$153K	$764K	10x	as long as short
Lighter XPT	+0.0328%	1h	1,799.1	−0.039%	$359K	$49K	20x	as long as short
OKX XPT-USDT-SWAPlong	+0.0721%	8h	1,799.8	long leg	$925K	$1.0M	50x