Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC+0.043%7-day average −0.004% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.043%, 7d avg −0.004%

Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.047% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPD_USDT	1,291.7	0	get 0.0000% / 4h	21m 35s	$13.0M	$276K	100x
Short	Variational Omni XPD	1,292.3	0	get 0.0000% / 4h	21m 35s	$531K	$25K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.004%: $4.74
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.74
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 17 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 MEXC live order book, 2 min ago	2.71 bp	2.7 bp −$3	4.5 bp −$45	86.4 bp −$8,643	310.6 bp −$155.3K
Sell Variational Omni RFQ quote, 17 min ago	4.89 bp	doesn't fit	52.6 bp −$526	doesn't fit	doesn't fit

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
BloFin XPD-USDT	−0.0050%	4h	1,292	+0.021%	$31K	$20K	100x	as long as short
edgeX XPDUSDC	−0.0005%	4h	1,291.6	−0.010%	$37K	$205K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,292.3	+0.043%	$3.7M	$5.0M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,292.4	+0.049%	$2.0M	$479K	100x	as long as short
MEXC XPD_USDTlong	0.0000%	4h	1,291.7	long leg	$13.0M	$276K	100x
Variational Omni XPDshort	0.0000%	4h	1,292.3	+0.043%	$531K	$25K	—
SunX XPD-USDT	0.0000%	4h	1,289.4	−0.177%	—	$1.7M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,291.8	+0.002%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,289.8	−0.148%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,292.1	+0.029%	$397K	$161K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.180%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,289.7	−0.156%	$2.6M	$518K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,291.9	+0.010%	$168K	$7K	75x	as long as short
Aster XPDUSDT	+0.0226%	4h	1,291.2	−0.037%	$27K	$6K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0229%	8h	1,291.6	−0.009%	$323K	$483K	50x	as long as short
Bitget XPDUSDT	+0.0440%	4h	1,291.7	−0.001%	$5.0M	$252K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0750%	4h	1,291	−0.058%	$335K	$672K	25x	as long as short