Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.007%

Price spread now: Injective against BloFin+2.920%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 2.920% dearer against BloFin than usual: you sell high and buy low (spread +2.920% now, against zero (this spread has no 7-day history yet)): +$292 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPD-USDT	1,295	0.0139	pay 0.0070% / 4h	1h 26m	$31K	$20K	100x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	26m 29s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +2.920%Rate

Funding earned: −$22.21
Price spread: +2.920% → 0.000%: $291.97
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $257.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

BloFin and 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
Gate XPD_USDT	0.0000%	4h	1,296.2	+0.090%	$2.0M	$479K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,294.5	−0.041%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,295.8	+0.063%	$10K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,293.7	−0.103%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,296.3	+0.101%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+2.920%	$16K	$20K	52x
Variational Omni XPD	+0.0049%	4h	1,296.1	+0.085%	$534K	$24K	—	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,294	−0.076%	$2.7M	$459K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,294.6	−0.031%	$168K	$7K	75x	as long as short
Binance XPDUSDT	+0.0122%	4h	1,296.4	+0.111%	$3.7M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0128%	4h	1,295.6	+0.047%	$13.0M	$271K	100x	as long as short
BloFin XPD-USDTlong	+0.0139%	4h	1,295	long leg	$31K	$20K	100x
edgeX XPDUSDC	+0.0156%	4h	1,295.8	+0.066%	$37K	$204K	10x	as long as short
OKX XPD-USDT-SWAP	+0.0295%	8h	1,295.9	+0.070%	$323K	$476K	50x	as long as short
Aster XPDUSDT	+0.0394%	4h	1,295.8	+0.064%	$26K	$6K	20x	as long as short
Bitget XPDUSDT	+0.0472%	4h	1,295.5	+0.036%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0722%	4h	1,295.9	+0.069%	$337K	$689K	25x	as long as short