Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Aevo−0.060%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.060% cheaper against Aevo than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PLATINUM-PERP	1,795.9	0.0120	pay 0.0015% / 1h	43m 44s	$305	—	10x
Short	Variational Omni XPT	1,794.8	0.0705	get 0.0353% / 4h	43m 44s	$279K	$216K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $122.85
Price spread: −0.060% → 0.000%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $100.87
Costs to cover: 0.160%
Break-even: 1.3 days

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 15 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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 15 min ago	3.09 bp	doesn't fit	26.8 bp −$268	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,794.6	−0.071%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.3	−0.199%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.9	−0.166%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.6	−0.184%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERPlong	+0.0120%	1h	1,795.9	long leg	$305	—	10x
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+1.118%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0266%	1h	1,793.6	−0.127%	$3.5M	$977K	20x	as long as short
Gate XPT_USDT	+0.0424%	4h	1,795.7	−0.013%	$638K	$441K	100x	as long as short
KuCoin XPTUSDTM	+0.0610%	4h	1,796.7	+0.045%	$200K	$17K	75x	as long as short
Paradex XPT-USD-PERP	+0.0673%	8h	1,795.7	−0.008%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0689%	4h	1,794.6	−0.071%	$14K	$10K	20x	as long as short
Variational Omni XPTshort	+0.0705%	4h	1,794.8	−0.060%	$279K	$216K	—
Extended XPT-USD	+0.0760%	1h	1,792.9	−0.167%	$202K	$612K	10x	as long as short
MEXC XPT_USDT	+0.0764%	4h	1,794.3	−0.087%	$23.6M	$644K	100x	as long as short
Binance XPTUSDT	+0.0765%	4h	1,795.6	−0.018%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0765%	4h	1,793.8	−0.118%	$39K	$283K	10x	as long as short
Lighter XPT	+0.0768%	1h	1,797.1	+0.068%	$355K	$15K	20x	as long as short
BloFin XPT-USDT	+0.0806%	4h	1,795.1	−0.042%	$89K	$67K	100x	as long as short
Bitget XPTUSDT	+0.0874%	4h	1,793.6	−0.126%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0927%	8h	1,796.9	+0.057%	$937K	$562K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1166%	4h	1,793.8	−0.115%	$205K	$823K	25x	as long as short