Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0161%/8hnext payment −$0.20 per $10,000 · paid last 24h +0.048%

Price spread now: Injective against tradeXYZ+1.441%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 1.441% dearer against tradeXYZ than usual: you sell high and buy low (spread +1.441% now, against zero (this spread has no 7-day history yet)): +$144 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLATINUM	1,806.1	0.0381	pay 0.0048% / 1h	57m 09s	$3.6M	$1.4M	20x
Short	Injective XPT/USDC PERP	1,832.1	0.0220	get 0.0028% / 1h	57m 09s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against tradeXYZ. 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 tradeXYZbpFee InjectivebpOrdersPrice spread, now +1.441%Rate

Funding earned: −$33.82
Price spread: +1.441% → 0.000%: $144.07
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $92.23
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	1.38 bp	11.8 bp −$12	doesn't fit	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
HTX XPT-USDT	0.0000%	4h	1,809.3	+0.175%	$10K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,805	−0.060%	$232	—	20x	as long as short
Extended XPT-USD	+0.0032%	1h	1,805.6	−0.030%	$199K	$443K	10x	as long as short
Vest PL-PERP	+0.0046%	1h	1,805.4	−0.039%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,804.9	−0.066%	$17K	$22K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,808.3	+0.121%	$307	$54	10x	as long as short
KuCoin XPTUSDTM	+0.0146%	4h	1,809	+0.163%	$201K	$55K	75x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,832.1	+1.441%	$6K	$34K	52x
Variational Omni XPT	+0.0252%	4h	1,810.4	+0.239%	$282K	$325K	—	as long as short
BloFin XPT-USDT	+0.0269%	4h	1,808.4	+0.126%	$87K	$62K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPTUSDC	+0.0303%	4h	1,809.4	+0.185%	$39K	$281K	10x	as long as short
MEXC XPT_USDT	+0.0312%	4h	1,806.7	+0.033%	$24.2M	$613K	100x	as long as short
Binance XPTUSDT	+0.0319%	4h	1,808.4	+0.128%	$4.3M	$4.4M	100x	as long as short
Aster XPTUSDT	+0.0323%	4h	1,807.8	+0.095%	$12K	$27K	20x	as long as short
Paradex XPT-USD-PERP	+0.0375%	8h	1,808	+0.108%	$3K	—	5x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0381%	1h	1,806.1	long leg	$3.6M	$1.4M	20x
Gate XPT_USDT	+0.0534%	4h	1,808.5	+0.135%	$702K	$436K	100x	as long as short
Bitget XPTUSDT	+0.0602%	4h	1,807.9	+0.097%	$1.2M	$401K	100x	as long as short
Lighter XPT	+0.0696%	1h	1,809.2	+0.172%	$358K	$21K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0801%	8h	1,808.3	+0.122%	$921K	$678K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1254%	4h	1,808.8	+0.148%	$207K	$1.3M	25x	as long as short