Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1029%/8h= −112.7% APRpaid last 24h −0.064%

Price spread now: Injective against OKX+0.930%88s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

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

The price spread pays, funding is against you. Injective is 0.930% dearer against OKX than usual: you sell high and buy low (spread +0.930% now, against zero (this spread has no 7-day history yet)): +$93 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 3.0 days. The two prices were read 88 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	OKX XPT-USDT-SWAP	1,784.8	0.1249	pay 0.1249% / 8h	1h 25m	$1.0M	$741K	50x
Short	Injective XPT/USDC PERP	1,801.4	0.0220	get 0.0028% / 1h	25m 51s	$6K	$34K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +0.930%Rate

Funding earned: −$216.08
Price spread: +0.930% → 0.000%: $92.95
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$133.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, just now; Injective: 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 OKX live order book, just now	0.28 bp	10.1 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	1,784	−0.044%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.8	−0.168%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.3	−0.196%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.1	−0.208%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0121%	1h	1,782.9	−0.106%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERPshort	+0.0220%	1h	1,801.4	+0.930%	$6K	$34K	52x
KuCoin XPTUSDTM	+0.0402%	4h	1,784.3	−0.027%	$238K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0488%	8h	1,784.4	−0.021%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0512%	1h	1,785.2	+0.024%	$303	—	10x	as long as short
Lighter XPT	+0.0656%	1h	1,785.8	+0.056%	$353K	$19K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0672%	1h	1,781.9	−0.165%	$201K	$628K	10x	as long as short
Gate XPT_USDT	+0.0740%	4h	1,785.3	+0.026%	$717K	$539K	100x	as long as short
Aster XPTUSDT	+0.0946%	4h	1,783.8	−0.057%	$15K	$10K	20x	as long as short
BloFin XPT-USDT	+0.0972%	4h	1,784.2	−0.031%	$96K	$69K	100x	as long as short
Variational Omni XPT	+0.0984%	4h	1,784.2	−0.036%	$260K	$189K	—	as long as short
Binance XPTUSDT	+0.1007%	4h	1,785	+0.011%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1014%	4h	1,784.2	−0.034%	$23.3M	$638K	100x	as long as short
edgeX XPTUSDC	+0.1047%	4h	1,784.1	−0.039%	$39K	$283K	10x	as long as short
Bitget XPTUSDT	+0.1054%	4h	1,783.2	−0.087%	$1.4M	$510K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1130%	4h	1,783.9	−0.049%	$205K	$786K	25x	as long as short
OKX XPT-USDT-SWAPlong	+0.1249%	8h	1,784.8	long leg	$1.0M	$741K	50x