Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0346%/8h= +37.9% APRpaid last 24h −0.022%

Price spread now: MEXC against Injective−1.246%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 MEXC

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. MEXC is 1.246% cheaper against Injective than usual: you would sell low and buy high (spread −1.246% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$125 on $10k: about 12 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,820.8	0.0220	pay 0.0028% / 1h	51m 23s	$6K	$34K	52x
Short	MEXC XPT_USDT	1,798.2	0.0566	get 0.0283% / 4h	1h 51m	$23.7M	$653K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.246%Rate

Funding earned: $72.66
Price spread: −1.246% → 0.000%: −$124.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$51.92
Costs to cover: 0.000%
Break-even: 12.0 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	11.18 bp	11.3 bp −$11	13.2 bp −$132	56.2 bp −$5,625	241.6 bp −$120.8K

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 20 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	1,803.9	−0.931%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,795.1	−1.412%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796.1	−1.358%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796	−1.364%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,799.6	−1.164%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,820.8	long leg	$6K	$34K	52x
Gate XPT_USDT	+0.0356%	4h	1,799.6	−1.168%	$634K	$427K	100x	as long as short
KuCoin XPTUSDTM	+0.0376%	4h	1,799.9	−1.152%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0461%	1h	1,796.6	−1.331%	$3.6M	$985K	20x	as long as short
Variational Omni XPT	+0.0488%	4h	1,802.5	−1.007%	$280K	$232K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0526%	4h	1,799.2	−1.187%	$14K	$10K	20x	as long as short
MEXC XPT_USDTshort	+0.0566%	4h	1,798.2	−1.246%	$23.7M	$653K	100x
Binance XPTUSDT	+0.0571%	4h	1,799.3	−1.182%	$4.2M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0577%	4h	1,803.5	−0.954%	$39K	$282K	10x	as long as short
Paradex XPT-USD-PERP	+0.0616%	8h	1,800.2	−1.136%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0666%	4h	1,798.9	−1.206%	$1.3M	$393K	100x	as long as short
Extended XPT-USD	+0.0704%	1h	1,795.8	−1.376%	$204K	$617K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0769%	8h	1,799.7	−1.160%	$902K	$512K	50x	as long as short
Lighter XPT	+0.0832%	1h	1,801	−1.089%	$356K	$14K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1062%	4h	1,802.5	−1.006%	$205K	$872K	25x	as long as short