Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h −0.022%

Price spread now: tradeXYZ against Variational Omni−0.196%7-day average −0.114% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.196%, 7d avg −0.114%

Together, before fees+0.115%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$11 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: tradeXYZ is 0.081% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.114%.

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	40m 58s	$541K	$12K	—
Short	tradeXYZ xyz:PALLADIUM	1,313.9	−0.0008	pay 0.0001% / 1h	40m 58s	$2.7M	$524K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 tradeXYZbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$1.58
Price spread: −0.196% → −0.114%: −$8.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; tradeXYZ: live order book, 7 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, 38 min ago	1.90 bp	doesn't fit	57.3 bp −$573	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.38 bp	12.4 bp −$12	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
BloFin XPD-USDT	−0.0031%	4h	1,316.2	−0.020%	$30K	$19K	100x	as long as short
tradeXYZ xyz:PALLADIUMshort	−0.0008%	1h	1,313.9	−0.196%	$2.7M	$524K	20x
edgeX XPDUSDC	−0.0003%	4h	1,316.1	−0.027%	$38K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,316.5	+0.002%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.2	−0.025%	$2.0M	$410K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,315.9	−0.043%	$13.2M	$338K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,316.5	long leg	$541K	$12K	—
SunX XPD-USDT	0.0000%	4h	1,315.2	−0.097%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,316	−0.035%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.1	−0.258%	—	—	—	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	1,316.7	+0.017%	$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	+0.0066%	4h	1,315.3	−0.093%	$5.0M	$219K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,315	−0.110%	$171K	$4K	75x	as long as short
Aster XPDUSDT	+0.0118%	4h	1,315.3	−0.088%	$27K	$12K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0162%	8h	1,315.9	−0.044%	$321K	$486K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0460%	4h	1,316.5	−0.001%	$339K	$1.0M	25x	as long as short