XPD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	KalshiKXPALLADIUMPERP	1,209.3	+0.0107	pay 0.0321% / 24h	15h 44m	$417K	$1.6M	4.5x	Long Kalshi
SHORT	Variational OmniXPD	1,212.5	+0.0486	get 0.0243% / 4h	1h 44m	$441K	$78K	20x	Short Variational Omni+15% pts

Price gap+0.264%

Funding gap+0.0379% /8h

Both sides work: funding pays +$11 a day on $10k, and the gap is 0.177% above its 7d average: +$18 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$50+0.0379% /8h now · paid +0.495% over the last 7D

Price+$18spread +0.264% now, avg +0.087% → +0.177% if it goes back

Costs−$650.654% of $10k · taker + slippage, in and out

Result+$2+0.02%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.264%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XPD on 18 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size6.1 / 16.0 bp
At $10k entering Variational Omni costs 16.0 bp, fee and slippage, 2.6× Kalshi’s.
Note: Margin at max leverage$2,181 + $500
Kalshi 4.5x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ24h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$11.36Long Kalshi: 1 payment, −$3.21; short Variational Omni: 6 payments, +$14.57.
OK: Entry gap works for you+0.264% vs +0.087%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$417K vs $441K OI
Kalshi sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCKalshi Yes · Variational Omni No
A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0236%/8h × 21 periods+$49.54

Price spread+0.264% → +0.087% (7d avg)+$17.68

Slippage, 4 orderslive order books−$64.93

Fee Kalshi bp × 2 orders−$0.48

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k+$1.81

Costs to cover0.654%Break-even6.7 days

Slippage: Kalshi: live order book, just now; Variational Omni: RFQ quote, 56 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKalshi4.136.1 bp−$6doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTVariational Omni2.3916.0 bp−$1629.2 bp−$292doesn’t fitdoesn’t fit

Closing costs about the same again.

XPD news

posts that mention XPD or Palladium, from every exchangeSearch all news →

09-29 11:00	gTrade (Gains Network)	Listing	XPD/USD no longer reported ($XPD) seen by our collector
09-23 13:33	Kalshi	Listing	new market KXPALLADIUMPERP ($XPD) seen by our collector

XPD