Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0546%/8h= +59.8% APRpaid last 24h +0.064%

Price spread now: OKX against Injective−1.062%68s7-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 OKX

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. OKX is 1.062% cheaper against Injective than usual: you would sell low and buy high (spread −1.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$106 on $10k: about 6.5 days of funding at the current rate (+$16 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

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	52m 14s	$6K	$34K	52x
Short	OKX XPT-USDT-SWAP	1,801.5	0.0766	get 0.0766% / 8h	5h 52m	$903K	$512K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −1.062%Rate

Funding earned: $114.71
Price spread: −1.062% → 0.000%: −$106.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1.47
Costs to cover: 0.100%
Break-even: 7.1 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, 9 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 OKX live order book, 9 min ago	0.28 bp	9.1 bp −$9	26.4 bp −$264	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 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	1,796.8	−1.319%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,798.6	−1.221%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.9	−1.258%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,800.9	−1.092%	$306	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,820.8	long leg	$6K	$34K	52x
Gate XPT_USDT	+0.0352%	4h	1,802.8	−0.990%	$635K	$427K	100x	as long as short
KuCoin XPTUSDTM	+0.0368%	4h	1,802.4	−1.013%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0455%	1h	1,799.2	−1.188%	$3.6M	$982K	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	1,801.3	−1.071%	$14K	$10K	20x	as long as short
edgeX XPTUSDC	+0.0541%	4h	1,802.4	−1.010%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.0564%	4h	1,799.3	−1.185%	$23.7M	$653K	100x	as long as short
Binance XPTUSDT	+0.0567%	4h	1,800.8	−1.100%	$4.2M	$3.8M	100x	as long as short
Paradex XPT-USD-PERP	+0.0609%	8h	1,801.4	−1.067%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0660%	4h	1,800.3	−1.128%	$1.3M	$390K	100x	as long as short
Extended XPT-USD	+0.0704%	1h	1,797.2	−1.298%	$204K	$617K	10x	as long as short
OKX XPT-USDT-SWAPshort	+0.0766%	8h	1,801.5	−1.062%	$903K	$512K	50x
Lighter XPT	+0.0816%	1h	1,801.8	−1.045%	$356K	$14K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1042%	4h	1,802.7	−0.994%	$205K	$879K	25x	as long as short