Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.002%

Price spread now: Variational Omni against Paradex+0.021%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.021% dearer against Paradex than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XPT-USD-PERP	1,800	0.0125	pay 0.0125% / 8h	6h 58m	$3K	—	5x
Short	Variational Omni XPT	1,800.4	0	get 0.0000% / 4h	2h 58m	$248K	$226K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: −$26.35
Price spread: +0.021% → 0.000%: $2.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.21
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 36 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 36 min ago	3.63 bp	doesn't fit	23.2 bp −$232	doesn't fit	doesn't fit

Paradex: 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
edgeX XPTUSDC	−0.0008%	4h	1,801.6	+0.089%	$39K	$283K	10x	as long as short
Aster XPTUSDT	0.0000%	4h	1,799.8	−0.009%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,799.8	−0.008%	$4.6M	$5.7M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,799.9	−0.003%	$23.1M	$688K	100x	as long as short
Variational Omni XPTshort	0.0000%	4h	1,800.4	+0.021%	$248K	$226K	—
GRVT XPT_USDT_Perp	0.0000%	4h	1,799.4	−0.030%	$206K	$783K	25x	as long as short
HTX XPT-USDT	0.0000%	4h	1,802.3	+0.129%	$11K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,799.9	−0.005%	$231	—	150x	as long as short
BloFin XPT-USDT	+0.0022%	4h	1,801.4	+0.080%	$88K	$73K	100x	as long as short
Injective XPT/USDC PERP	+0.0033%	1h	1,800.3	+0.016%	$6K	$34K	52x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0034%	4h	1,800.5	+0.030%	$655K	$580K	100x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796.4	−0.199%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,797.7	−0.127%	$3.4M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.8	−0.124%	$13K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,799.6	−0.022%	$237K	$41K	75x	as long as short
Paradex XPT-USD-PERPlong	+0.0125%	8h	1,800	long leg	$3K	—	5x
Aevo PLATINUM-PERP	+0.0128%	1h	1,799.4	−0.032%	$306	—	10x	as long as short
Bitget XPTUSDT	+0.0134%	4h	1,799.4	−0.030%	$1.3M	$628K	100x	as long as short
Extended XPT-USD	+0.0168%	1h	1,797.9	−0.115%	$158K	$759K	10x	as long as short
Lighter XPT	+0.0176%	1h	1,800.8	+0.045%	$359K	$49K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0724%	8h	1,800.5	+0.029%	$926K	$1.0M	50x	as long as short