Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.021%

Price spread now: Variational Omni against Extended+0.005%7-day average +0.041% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.005%, 7d avg +0.041%

Together, before fees+0.036%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPT-USD	1,820.4	0.0288	pay 0.0036% / 1h	56m 37s	$205K	$454K	10x
Short	Variational Omni XPT	1,820.5	0.0230	get 0.0115% / 4h	3h 56m	$288K	$326K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.005%Rate

Funding earned: −$12.19
Price spread: +0.005% → +0.041%: −$3.59
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.77
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 16 min ago; Variational Omni: RFQ quote, 17 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 Extended live order book, 16 min ago	1.65 bp	6.4 bp −$6	33.2 bp −$332	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 17 min ago	2.26 bp	doesn't fit	26.7 bp −$267	doesn't fit	doesn't fit

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	1,820	−0.021%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,819.9	−0.025%	$233	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,819.6	−0.043%	—	$50	25x	as long as short
Gate XPT_USDT	+0.0074%	4h	1,823.6	+0.177%	$676K	$351K	100x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,820.5	+0.007%	$17K	$27K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,820.5	+0.004%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,821.3	+0.049%	$310	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0105%	1h	1,821.3	+0.051%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,835.4	+0.826%	$6K	$34K	52x	as long as short
Variational Omni XPTshort	+0.0230%	4h	1,820.5	+0.005%	$288K	$326K	—

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USDlong	+0.0288%	1h	1,820.4	long leg	$205K	$454K	10x
BloFin XPT-USDT	+0.0288%	4h	1,821.3	+0.048%	$86K	$64K	100x	as long as short
edgeX XPTUSDC	+0.0290%	4h	1,821	+0.035%	$40K	$281K	10x	as long as short
Binance XPTUSDT	+0.0303%	4h	1,822.4	+0.110%	$4.3M	$3.9M	100x	as long as short
MEXC XPT_USDT	+0.0304%	4h	1,820.9	+0.030%	$24.2M	$644K	100x	as long as short
Aster XPTUSDT	+0.0369%	4h	1,820.3	−0.007%	$15K	$12K	20x	as long as short
Bitget XPTUSDT	+0.0386%	4h	1,821.4	+0.054%	$1.3M	$326K	100x	as long as short
Paradex XPT-USD-PERP	+0.0390%	8h	1,822.5	+0.114%	$3K	—	5x	as long as short
Lighter XPT	+0.0520%	1h	1,824.1	+0.205%	$361K	$16K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0692%	4h	1,820.8	+0.025%	$207K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0715%	8h	1,822.8	+0.133%	$925K	$539K	50x	as long as short