Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.006%

Price spread now: Injective against Binance+1.455%97s7-day average — · you sell dearer than you buy

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

Long on Binance 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 $0 a day on $10k at the current rate, and Injective is 1.455% dearer against Binance than usual: you sell high and buy low: +$145 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 97 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	Binance XPDUSDT	1,313.7	0.0021	pay 0.0011% / 4h	3h 31m	$3.7M	$4.3M	100x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	31m 42s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +1.455%Rate

Funding earned: $2.54
Price spread: +1.455% → 0.000%: $145.48
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $138
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	2.25 bp	15.5 bp −$16	40.0 bp −$400	156.6 bp −$15.7K	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.

XPD on 17 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
BloFin XPD-USDT	−0.0033%	4h	1,313	−0.053%	$30K	$19K	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,313.6	−0.010%	$1.9M	$429K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,313.4	−0.022%	$543K	$25K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,310.7	−0.224%	—	$2.0M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,313.2	−0.040%	$10K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,310.7	−0.227%	—	—	—	as long as short
MEXC XPD_USDT	+0.0020%	4h	1,312.6	−0.080%	$13.1M	$337K	100x	as long as short
Binance XPDUSDTlong	+0.0021%	4h	1,313.7	long leg	$3.7M	$4.3M	100x
edgeX XPDUSDC	+0.0023%	4h	1,313.5	−0.011%	$38K	$205K	10x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+1.455%	$16K	$20K	52x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0040%	1h	1,313.8	+0.009%	$400K	$147K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0049%	8h	1,313.6	−0.007%	$322K	$518K	50x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,311.1	−0.197%	$2.7M	$554K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,312.9	−0.060%	$171K	$4K	75x	as long as short
Aster XPDUSDT	+0.0172%	4h	1,313.4	−0.021%	$27K	$12K	20x	as long as short
Bitget XPDUSDT	+0.0250%	4h	1,312.4	−0.102%	$5.0M	$234K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0726%	4h	1,312.8	−0.068%	$337K	$1.1M	25x	as long as short