Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against SunX+0.178%7-day average +0.003% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.178%, 7d avg +0.003%

Together, before fees−0.189%+ Points / potential airdropVariational Omni: Active · farm board−$19 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: Variational Omni is 0.175% dearer against SunX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XPD-USDT	1,311.1	0	get 0.0000% / 4h	3h 30m	—	$2.0M	10x
Short	Variational Omni XPD	1,313.4	0	get 0.0000% / 4h	3h 30m	$543K	$25K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.003%: $17.48
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.48
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; Variational Omni: RFQ quote, 19 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 SunX live order book, 6 min ago	900.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 19 min ago	1.90 bp	doesn't fit	30.1 bp −$301	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
Gate XPD_USDT	0.0000%	4h	1,313.8	+0.208%	$1.9M	$429K	100x	as long as short
Variational Omni XPDshort	0.0000%	4h	1,313.4	+0.178%	$543K	$25K	—
SunX XPD-USDTlong	0.0000%	4h	1,311.1	long leg	—	$2.0M	10x
HTX XPD-USDT	0.0000%	4h	1,313.5	+0.188%	$10K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,310.7	−0.027%	—	—	—	as long as short
MEXC XPD_USDT	+0.0020%	4h	1,312.7	+0.127%	$13.2M	$337K	100x	as long as short
Binance XPDUSDT	+0.0024%	4h	1,314	+0.221%	$3.7M	$4.3M	100x	as long as short
Lighter XPD	+0.0032%	1h	1,314	+0.223%	$400K	$147K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.657%	$16K	$20K	52x	as long as short
edgeX XPDUSDC	+0.0035%	4h	1,313.7	+0.200%	$38K	$206K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,311.2	+0.010%	$2.7M	$554K	20x	as long as short
BloFin XPD-USDT	+0.0052%	4h	1,314.1	+0.232%	$30K	$19K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0057%	8h	1,313.7	+0.201%	$322K	$518K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,312.9	+0.142%	$171K	$4K	75x	as long as short
Aster XPDUSDT	+0.0172%	4h	1,313.4	+0.181%	$27K	$12K	20x	as long as short
Bitget XPDUSDT	+0.0262%	4h	1,312.4	+0.098%	$5.0M	$234K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0820%	4h	1,313.1	+0.156%	$337K	$1.1M	25x	as long as short