Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: SunX against Variational Omni−0.095%7-day average −0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.075%+$7 · spread now −0.095%, 7d avg −0.006%

Together, before fees+0.063%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: SunX is 0.088% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 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	1,316.5	0	get 0.0000% / 4h	43m 17s	$541K	$12K	—
Short	SunX XPD-USDT	1,315.2	0	get 0.0000% / 4h	43m 17s	—	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.006%: −$8.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.81
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; SunX: live order book, 12 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, 36 min ago	1.90 bp	doesn't fit	57.3 bp −$573	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	900.06 bp	doesn't fit	doesn't fit	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
tradeXYZ xyz:PALLADIUM	−0.0009%	1h	1,314.1	−0.180%	$2.7M	$524K	20x	as long as short
edgeX XPDUSDC	−0.0003%	4h	1,316.1	−0.027%	$38K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,316.1	−0.029%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.5	−0.002%	$2.0M	$410K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316	−0.038%	$13.2M	$338K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,316.5	long leg	$541K	$12K	—
SunX XPD-USDTshort	0.0000%	4h	1,315.2	−0.095%	—	$1.9M	10x
HTX XPD-USDT	0.0000%	4h	1,316.3	−0.014%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.2	−0.250%	—	—	—	as long as short
BloFin XPD-USDT	+0.0020%	4h	1,316.1	−0.032%	$30K	$19K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPD	+0.0032%	1h	1,316.9	+0.032%	$404K	$153K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.240%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0070%	4h	1,315.7	−0.061%	$5.0M	$219K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,315.5	−0.071%	$171K	$4K	75x	as long as short
Aster XPDUSDT	+0.0126%	4h	1,315.8	−0.048%	$27K	$12K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0160%	8h	1,315.9	−0.044%	$321K	$486K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0466%	4h	1,315.7	−0.055%	$338K	$1.0M	25x	as long as short