Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX−0.020%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPD-USDT	1,296.5	0	get 0.0000% / 4h	3h 11m	$10K	$35K	20x
Short	Variational Omni XPD	1,296.3	0	get 0.0000% / 4h	3h 11m	$527K	$32K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → 0.000%: −$1.99
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.99
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: RFQ quote, 23 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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 23 min ago	2.95 bp	doesn't fit	44.0 bp −$440	doesn't fit	doesn't fit

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.

XPD on 17 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
tradeXYZ xyz:PALLADIUM	−0.0292%	1h	1,296.3	−0.017%	$2.6M	$574K	20x	as long as short
BloFin XPD-USDT	−0.0050%	4h	1,297	+0.034%	$32K	$22K	100x	as long as short
edgeX XPDUSDC	−0.0011%	4h	1,296.1	−0.035%	$37K	$207K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,296.9	+0.033%	$27K	$6K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,297.4	+0.070%	$3.6M	$5.1M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,297.5	+0.076%	$2.0M	$487K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,297.5	+0.074%	$12.9M	$367K	100x	as long as short
Variational Omni XPDshort	0.0000%	4h	1,296.3	−0.020%	$527K	$32K	—
GRVT XPD_USDT_Perp	0.0000%	4h	1,295.9	−0.045%	$335K	$625K	25x	as long as short
SunX XPD-USDT	0.0000%	4h	1,297.1	+0.043%	—	$1.6M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPD-USDTlong	0.0000%	4h	1,296.5	long leg	$10K	$35K	20x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,296.4	−0.010%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,297.5	+0.076%	$399K	$161K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.798%	$16K	$20K	52x	as long as short
OKX XPD-USDT-SWAP	+0.0055%	8h	1,297.3	+0.060%	$335K	$537K	50x	as long as short
Bitget XPDUSDT	+0.0064%	4h	1,296.7	+0.014%	$5.0M	$290K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,296	−0.041%	$168K	$7K	75x	as long as short