Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0988%/8h= +108.2% APRpaid last 24h +0.012%

Price spread now: edgeX against Injective−1.073%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 1.073% cheaper against Injective than usual: you would sell low and buy high (spread −1.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$107 on $10k: about 3.6 days of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,814.9	0.0220	pay 0.0028% / 1h	7m 20s	$6K	$34K	52x
Short	edgeX XPTUSDC	1,795.4	0.1208	get 0.0604% / 4h	3h 07m	$39K	$282K	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 −1.073%Rate

Funding earned: $207.45
Price spread: −1.073% → 0.000%: −$107.33
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: $91.1
Costs to cover: 0.090%
Break-even: 3.9 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 45 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, 45 min ago	9.90 bp	15.8 bp −$16	125.0 bp −$1,250	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.

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	1,795.8	−1.055%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,790.9	−1.325%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.5	−1.289%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,793.9	−1.157%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,814.9	long leg	$6K	$34K	52x
Aevo PLATINUM-PERP	+0.0408%	1h	1,797	−0.987%	$305	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0566%	1h	1,793.9	−1.157%	$3.6M	$1.0M	20x	as long as short
Paradex XPT-USD-PERP	+0.0738%	8h	1,796.5	−1.012%	$3K	—	5x	as long as short
KuCoin XPTUSDTM	+0.0748%	4h	1,795.2	−1.083%	$249K	$40K	75x	as long as short
Gate XPT_USDT	+0.0872%	4h	1,796.2	−1.028%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.1040%	1h	1,797.4	−0.964%	$355K	$20K	20x	as long as short
Variational Omni XPT	+0.1141%	4h	1,795.1	−1.091%	$280K	$191K	—	as long as short
Aster XPTUSDT	+0.1156%	4h	1,793.2	−1.194%	$14K	$9K	20x	as long as short
MEXC XPT_USDT	+0.1206%	4h	1,793.1	−1.200%	$23.5M	$601K	100x	as long as short
edgeX XPTUSDCshort	+0.1208%	4h	1,795.4	−1.073%	$39K	$282K	10x
OKX XPT-USDT-SWAP	+0.1214%	8h	1,796.2	−1.030%	$954K	$620K	50x	as long as short
Binance XPTUSDT	+0.1215%	4h	1,796.2	−1.032%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1262%	4h	1,796.2	−1.030%	$89K	$68K	100x	as long as short
Bitget XPTUSDT	+0.1274%	4h	1,795.1	−1.090%	$1.4M	$472K	100x	as long as short
Extended XPT-USD	+0.1352%	1h	1,791	−1.317%	$205K	$617K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1740%	4h	1,795.1	−1.089%	$206K	$815K	25x	as long as short