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: MEXC against Variational Omni+0.031%7-day average +0.005% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

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 4 days (all we have)−0.040%−$4 · spread now +0.031%, 7d avg +0.005%

Together, before fees−0.036%+ 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: MEXC is 0.026% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,308.7	0	get 0.0000% / 4h	2h 02m	$541K	$16K	—
Short	MEXC XPD_USDT	1,309.1	0	get 0.0000% / 4h	2h 02m	$13.1M	$335K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.005%: $2.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.58
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; MEXC: live order book, 6 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, 1 min ago	3.25 bp	doesn't fit	44.2 bp −$442	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.19 bp	0.2 bp $0	1.2 bp −$12	96.7 bp −$9,667	300.8 bp −$150.4K

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
Aster XPDUSDT	0.0000%	4h	1,309.1	+0.035%	$27K	$12K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,309.3	+0.045%	$3.7M	$4.5M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,308.9	+0.014%	$2.0M	$458K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,309.1	+0.031%	$13.1M	$335K	100x
Variational Omni XPDlong	0.0000%	4h	1,308.7	long leg	$541K	$16K	—
SunX XPD-USDT	0.0000%	4h	1,307.8	−0.065%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,308.4	−0.018%	$9K	$33K	20x	as long as short
edgeX XPDUSDC	+0.0002%	4h	1,308.5	−0.013%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,307.8	−0.068%	—	—	—	as long as short
tradeXYZ xyz:PALLADIUM	+0.0012%	1h	1,307.1	−0.120%	$2.7M	$518K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPD-USDT-SWAP	+0.0032%	8h	1,308.4	−0.021%	$315K	$477K	50x	as long as short
Lighter XPD	+0.0032%	1h	1,309.1	+0.033%	$404K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.844%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0066%	4h	1,308.5	−0.015%	$5.0M	$217K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,309.1	+0.032%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0356%	4h	1,308.4	−0.023%	$339K	$784K	25x	as long as short