Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.048%7-day average +0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 2 days (all we have)−0.031%−$3 · spread now +0.048%, 7d avg +0.006%

Together, before fees−0.027%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Binance is 0.042% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,311.5	0	get 0.0000% / 4h	2h 26m	$543K	$14K	—
Short	Binance XPDUSDT	1,312.2	0	get 0.0000% / 4h	2h 26m	$3.8M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.006%: $4.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.85
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Binance: live order book, 11 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 Variational Omni RFQ quote, 42 min ago	1.90 bp	doesn't fit	41.5 bp −$415	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.65 bp	16.6 bp −$17	41.8 bp −$418	144.7 bp −$14.5K	doesn't fit

XPD on 16 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
Binance XPDUSDTshort	0.0000%	4h	1,312.2	+0.048%	$3.8M	$4.4M	100x
Gate XPD_USDT	0.0000%	4h	1,311.7	+0.009%	$2.0M	$446K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,310.8	−0.059%	$13.1M	$333K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,311.5	long leg	$543K	$14K	—
SunX XPD-USDT	0.0000%	4h	1,309.7	−0.143%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.8	+0.018%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,309.6	−0.152%	—	—	—	as long as short
Aster XPDUSDT	+0.0014%	4h	1,310.5	−0.083%	$27K	$12K	20x	as long as short
edgeX XPDUSDC	+0.0017%	4h	1,312.4	+0.065%	$38K	$205K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,311.7	+0.012%	$404K	$155K	20x	as long as short

Show all 16 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	+1.620%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,309.3	−0.171%	$2.7M	$513K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0072%	8h	1,311.7	+0.012%	$314K	$473K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,310.7	−0.062%	$171K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0104%	4h	1,310	−0.117%	$5.0M	$217K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0514%	4h	1,311.2	−0.025%	$340K	$809K	25x	as long as short