Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0636%/8h= −69.6% APRpaid last 24h +0.024%

Price spread now: Injective against edgeX+1.159%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

The price spread pays, funding is against you. Injective is 1.159% dearer against edgeX than usual: you sell high and buy low (spread +1.159% now, against zero (this spread has no 7-day history yet)): +$116 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPTUSDC	1,797.1	0.0856	pay 0.0428% / 4h	12m 35s	$39K	$283K	10x
Short	Injective XPT/USDC PERP	1,818	0.0220	get 0.0028% / 1h	12m 35s	$6K	$34K	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 +1.159%Rate

Funding earned: −$133.55
Price spread: +1.159% → 0.000%: $115.89
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: −$26.68
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 45 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, 45 min ago	9.41 bp	14.7 bp −$15	167.3 bp −$1,673	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.

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,798.6	+0.079%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.5	−0.257%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793	−0.231%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.2	−0.276%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0200%	1h	1,797.9	+0.041%	$306	—	10x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,818	+1.159%	$6K	$34K	52x
tradeXYZ xyz:PLATINUM	+0.0443%	1h	1,795.5	−0.091%	$3.6M	$994K	20x	as long as short
Gate XPT_USDT	+0.0502%	4h	1,798.7	+0.087%	$733K	$504K	100x	as long as short
KuCoin XPTUSDTM	+0.0734%	4h	1,795.9	−0.069%	$249K	$40K	75x	as long as short
Variational Omni XPT	+0.0823%	4h	1,798.9	+0.099%	$279K	$207K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPT-USD-PERP	+0.0828%	8h	1,797.2	+0.004%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0839%	4h	1,797.4	+0.016%	$14K	$9K	20x	as long as short
edgeX XPTUSDClong	+0.0856%	4h	1,797.1	long leg	$39K	$283K	10x
MEXC XPT_USDT	+0.0892%	4h	1,794.9	−0.123%	$23.6M	$646K	100x	as long as short
Binance XPTUSDT	+0.0904%	4h	1,796.9	−0.016%	$4.5M	$4.3M	100x	as long as short
Extended XPT-USD	+0.0904%	1h	1,792.1	−0.280%	$207K	$612K	10x	as long as short
BloFin XPT-USDT	+0.0924%	4h	1,797.7	+0.031%	$89K	$68K	100x	as long as short
Lighter XPT	+0.0960%	1h	1,799	+0.103%	$355K	$16K	20x	as long as short
Bitget XPTUSDT	+0.1010%	4h	1,796.4	−0.039%	$1.3M	$450K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1016%	8h	1,798.2	+0.059%	$943K	$614K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1252%	4h	1,796.6	−0.031%	$204K	$813K	25x	as long as short