Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h −0.009%

Price spread now: edgeX against Injective−2.899%7-day average — · you buy dearer than you sell

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

Long on Injective Short on edgeX

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

Funding pays, the price is against you. edgeX is 2.899% cheaper against Injective than usual: you would sell low and buy high (spread −2.899% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$290 on $10k: about 49 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPD/USDC PERP	1,332.8	0.0033	pay 0.0004% / 1h	43m 52s	$16K	$20K	52x
Short	edgeX XPDUSDC	1,294.2	0.0230	get 0.0115% / 4h	1h 43m	$37K	$206K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −2.899%Rate

Funding earned: $41.35
Price spread: −2.899% → 0.000%: −$289.92
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$257.6
Costs to cover: 0.090%
Break-even: 50.6 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 63 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 63 min ago	7.53 bp	15.9 bp −$16	127.6 bp −$1,276	doesn't fit	doesn't fit

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	1,294.5	−2.871%	$2.0M	$476K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,293.5	−2.952%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294.3	−2.890%	$9K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,292.3	−3.036%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,294.4	−2.881%	$399K	$160K	20x	as long as short
Injective XPD/USDC PERPlong	+0.0033%	1h	1,332.8	long leg	$16K	$20K	52x
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,292.5	−3.024%	$2.7M	$477K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,294.2	−2.898%	$168K	$7K	75x	as long as short
Variational Omni XPD	+0.0120%	4h	1,294.7	−2.861%	$534K	$24K	—	as long as short
Binance XPDUSDT	+0.0217%	4h	1,294.4	−2.885%	$3.7M	$4.9M	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	+0.0220%	4h	1,294	−2.909%	$13.0M	$270K	100x	as long as short
edgeX XPDUSDCshort	+0.0230%	4h	1,294.2	−2.899%	$37K	$206K	10x
BloFin XPD-USDT	+0.0279%	4h	1,294.1	−2.901%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0321%	8h	1,294	−2.911%	$323K	$481K	50x	as long as short
Aster XPDUSDT	+0.0479%	4h	1,293.4	−2.957%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0496%	4h	1,293.9	−2.919%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0748%	4h	1,293.9	−2.917%	$337K	$698K	25x	as long as short