Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.009%

Price spread now: Injective against edgeX+1.936%7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.936% dearer against edgeX than usual: you sell high and buy low: +$194 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	edgeX XPDUSDC	1,307.5	0.0006	pay 0.0003% / 4h	1h 25m	$38K	$205K	10x
Short	Injective XPD/USDC PERP	1,332.8	0.0033	get 0.0004% / 1h	25m 58s	$16K	$20K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now +1.936%Rate

Funding earned: $5.71
Price spread: +1.936% → 0.000%: $193.64
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $190.33
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 36 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 edgeX live order book, 36 min ago	1.18 bp	6.8 bp −$7	135.3 bp −$1,353	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.

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
tradeXYZ xyz:PALLADIUM	−0.0067%	1h	1,306.4	−0.083%	$2.7M	$493K	20x	as long as short
BloFin XPD-USDT	−0.0033%	4h	1,307.6	+0.007%	$30K	$20K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,308.3	+0.059%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,308.4	+0.070%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,307.4	−0.006%	$324K	$475K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,308.2	+0.058%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,308	+0.036%	$13.2M	$268K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,307.5	+0.001%	$5.0M	$218K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,308.1	+0.051%	$540K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,308	+0.037%	—	$1.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDT	0.0000%	4h	1,307.9	+0.035%	$9K	$33K	20x	as long as short
edgeX XPDUSDClong	+0.0006%	4h	1,307.5	long leg	$38K	$205K	10x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,306.7	−0.057%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,308.3	+0.063%	$403K	$155K	20x	as long as short
Injective XPD/USDC PERPshort	+0.0033%	1h	1,332.8	+1.936%	$16K	$20K	52x
KuCoin XPDUSDTM	+0.0100%	4h	1,307.1	−0.028%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0136%	4h	1,306.9	−0.041%	$339K	$751K	25x	as long as short