Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: HTX against Injective−1.416%65s7-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 HTX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 1.416% cheaper against Injective than usual: you would sell low and buy high (−$142 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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	Injective XPD/USDC PERP	1,332.8	0.0033	pay 0.0004% / 1h	22m 20s	$16K	$20K	52x
Short	HTX XPD-USDT	1,313.9	0	get 0.0000% / 4h	3h 22m	$10K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −1.416%Rate

Funding earned: −$7
Price spread: −1.416% → 0.000%: −$141.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$160.6
Costs to cover: 0.120%
Break-even: never at this rate

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

Injective and HTX: 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	−0.0015%	4h	1,313.9	−1.417%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,314.9	−1.340%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,314.9	−1.346%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.7	−1.362%	$13.2M	$340K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	−1.369%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,312.7	−1.509%	—	$1.9M	10x	as long as short
HTX XPD-USDTshort	0.0000%	4h	1,313.9	−1.416%	$10K	$33K	20x
edgeX XPDUSDC	+0.0002%	4h	1,314.6	−1.365%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.1	−1.477%	—	—	—	as long as short
Bitget XPDUSDT	+0.0024%	4h	1,314.1	−1.401%	$5.0M	$221K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0031%	4h	1,314.2	−1.395%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,315.4	−1.306%	$405K	$154K	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	1,312.9	−1.493%	$2.7M	$517K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	−1.381%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0115%	8h	1,315.2	−1.321%	$324K	$478K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0692%	4h	1,314.2	−1.396%	$340K	$881K	25x	as long as short