Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0573%/8h= +62.8% APRpaid last 24h −0.018%

Price spread now: BloFin against Injective−1.252%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 BloFin

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

Funding pays, the price is against you. BloFin is 1.252% cheaper against Injective than usual: you would sell low and buy high (spread −1.252% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$125 on $10k: about 7.3 days of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,820.4	0.0220	pay 0.0028% / 1h	2m 06s	$6K	$34K	52x
Short	BloFin XPT-USDT	1,797.6	0.0793	get 0.0397% / 4h	1h 02m	$89K	$68K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −1.252%Rate

Funding earned: $120.35
Price spread: −1.252% → 0.000%: −$125.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.92
Costs to cover: 0.120%
Break-even: 8.0 days

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

Injective and BloFin: 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	1,799	−1.179%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.2	−1.443%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.8	−1.408%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.7	−1.303%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.1	−1.225%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,820.4	long leg	$6K	$34K	52x
Gate XPT_USDT	+0.0398%	4h	1,798.9	−1.184%	$638K	$438K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0478%	1h	1,796.4	−1.321%	$3.6M	$979K	20x	as long as short
KuCoin XPTUSDTM	+0.0576%	4h	1,799.4	−1.158%	$201K	$17K	75x	as long as short
Aster XPTUSDT	+0.0660%	4h	1,796.3	−1.325%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0671%	4h	1,798.3	−1.215%	$280K	$215K	—	as long as short
Paradex XPT-USD-PERP	+0.0690%	8h	1,798.1	−1.227%	$3K	—	5x	as long as short
MEXC XPT_USDT	+0.0736%	4h	1,797.7	−1.248%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0737%	4h	1,798.7	−1.195%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0743%	4h	1,798.5	−1.204%	$39K	$283K	10x	as long as short
Extended XPT-USD	+0.0776%	1h	1,794.9	−1.406%	$204K	$619K	10x	as long as short
BloFin XPT-USDTshort	+0.0793%	4h	1,797.6	−1.252%	$89K	$68K	100x
Bitget XPTUSDT	+0.0836%	4h	1,798.1	−1.229%	$1.3M	$389K	100x	as long as short
Lighter XPT	+0.0872%	1h	1,799.7	−1.139%	$356K	$15K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0888%	8h	1,798.9	−1.183%	$938K	$562K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1154%	4h	1,797.5	−1.262%	$205K	$829K	25x	as long as short