Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.064%

Price spread now: HTX against Injective−1.088%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 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 −$7 a day on $10k at the current rate, and HTX is 1.088% cheaper against Injective than usual: you would sell low and buy high (−$109 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,811.1	0.0220	pay 0.0028% / 1h	44m 25s	$6K	$34K	52x
Short	HTX XPT-USDT	1,791.4	0	get 0.0000% / 4h	1h 44m	$11K	$39K	30x

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 −1.088%Rate

Funding earned: −$46.2
Price spread: −1.088% → 0.000%: −$108.83
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: −$167.05
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.

XPT on 21 exchanges

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
edgeX XPTUSDC	−0.0019%	4h	1,792.9	−1.008%	$39K	$282K	10x	as long as short
Aster XPTUSDT	0.0000%	4h	1,791.3	−1.096%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,790.9	−1.118%	$4.6M	$6.0M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,791.1	−1.106%	$23.0M	$713K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,791.6	−1.081%	$251K	$196K	—	as long as short
HTX XPT-USDTshort	0.0000%	4h	1,791.4	−1.088%	$11K	$39K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,788.9	−1.229%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,786.7	−1.349%	—	—	25x	as long as short
BloFin XPT-USDT	+0.0053%	4h	1,791.6	−1.077%	$87K	$75K	100x	as long as short
Bitget XPTUSDT	+0.0076%	4h	1,790.5	−1.141%	$1.3M	$626K	100x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PLATINUM	+0.0100%	1h	1,788.7	−1.241%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,791.3	−1.096%	$236K	$41K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,791.2	−1.100%	$305	—	10x	as long as short
Gate XPT_USDT	+0.0122%	4h	1,791.8	−1.069%	$642K	$597K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0134%	1h	1,789.3	−1.205%	$3.4M	$1.1M	20x	as long as short
GRVT XPT_USDT_Perp	+0.0146%	4h	1,792.6	−1.025%	$207K	$757K	25x	as long as short
Paradex XPT-USD-PERP	+0.0156%	8h	1,791.3	−1.095%	$3K	—	5x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,811.1	long leg	$6K	$34K	52x
Lighter XPT	+0.0504%	1h	1,792.5	−1.029%	$358K	$51K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0518%	8h	1,791.6	−1.078%	$908K	$1.1M	50x	as long as short
Extended XPT-USD	+0.0736%	1h	1,788.8	−1.232%	$147K	$706K	10x	as long as short