Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0960%/8h= +105.1% APRpaid last 24h +0.006%

Price spread now: Variational Omni against Injective−1.023%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 1.023% cheaper against Injective than usual: you would sell low and buy high (spread −1.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$102 on $10k: about 3.6 days of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,814.9	0.0220	pay 0.0028% / 1h	2m 55s	$6K	$34K	52x
Short	Variational Omni XPT	1,796.3	0.1180	get 0.0590% / 4h	3h 02m	$280K	$189K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now −1.023%Rate

Funding earned: $201.61
Price spread: −1.023% → 0.000%: −$102.29
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $99.3
Costs to cover: 0.000%
Break-even: 3.6 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 51 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 51 min ago	1.95 bp	doesn't fit	22.1 bp −$221	doesn't fit	doesn't fit

Injective: 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	1,796.6	−1.008%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.5	−1.287%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.3	−1.245%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795.1	−1.091%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,814.9	long leg	$6K	$34K	52x
Aevo PLATINUM-PERP	+0.0424%	1h	1,797.6	−0.954%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0583%	1h	1,794.9	−1.102%	$3.6M	$1.0M	20x	as long as short
KuCoin XPTUSDTM	+0.0774%	4h	1,797.6	−0.955%	$249K	$40K	75x	as long as short
Paradex XPT-USD-PERP	+0.0797%	8h	1,796.9	−0.994%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0898%	4h	1,797.6	−0.952%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.1056%	1h	1,798.1	−0.926%	$355K	$20K	20x	as long as short
Variational Omni XPTshort	+0.1180%	4h	1,796.3	−1.023%	$280K	$189K	—
Aster XPTUSDT	+0.1192%	4h	1,793.2	−1.194%	$14K	$9K	20x	as long as short
BloFin XPT-USDT	+0.1211%	4h	1,796.8	−0.999%	$90K	$68K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1226%	8h	1,796.3	−1.025%	$954K	$617K	50x	as long as short
edgeX XPTUSDC	+0.1231%	4h	1,796.3	−1.024%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.1234%	4h	1,794.7	−1.113%	$23.6M	$611K	100x	as long as short
Binance XPTUSDT	+0.1242%	4h	1,796.6	−1.007%	$4.5M	$4.3M	100x	as long as short
Bitget XPTUSDT	+0.1298%	4h	1,795.1	−1.090%	$1.4M	$472K	100x	as long as short
Extended XPT-USD	+0.1416%	1h	1,791.6	−1.285%	$205K	$617K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1782%	4h	1,796.1	−1.034%	$206K	$812K	25x	as long as short