Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Bitget against Variational Omni−0.079%7-day average −0.033% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.079%, 7d avg −0.033%

Together, before fees+0.063%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: Bitget is 0.046% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,305.7	0	get 0.0000% / 4h	1h 04m	$538K	$16K	—
Short	Bitget XPDUSDT	1,304.7	0	get 0.0000% / 4h	1h 04m	$5.0M	$234K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.033%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.61
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Bitget: live order book, 4 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 Variational Omni RFQ quote, 60 min ago	3.25 bp	doesn't fit	44.2 bp −$442	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.17 bp	19.9 bp −$20	45.7 bp −$457	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
Aster XPDUSDT	0.0000%	4h	1,305	−0.052%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,305	−0.053%	$3.7M	$4.5M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,304.6	−0.084%	$323K	$470K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,305	−0.050%	$2.0M	$458K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,305	−0.052%	$13.1M	$270K	100x	as long as short
Bitget XPDUSDTshort	0.0000%	4h	1,304.7	−0.079%	$5.0M	$234K	100x
Variational Omni XPDlong	0.0000%	4h	1,305.7	long leg	$538K	$16K	—
SunX XPD-USDT	0.0000%	4h	1,303.8	−0.144%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,305.4	−0.021%	$9K	$33K	20x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0007%	1h	1,302.5	−0.245%	$2.7M	$494K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,302.7	−0.228%	—	—	—	as long as short
edgeX XPDUSDC	+0.0010%	4h	1,305.7	−0.001%	$38K	$206K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,305.1	−0.046%	$402K	$155K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.076%	$16K	$20K	52x	as long as short
BloFin XPD-USDT	+0.0043%	4h	1,305.2	−0.041%	$31K	$20K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,305	−0.050%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0222%	4h	1,305.3	−0.031%	$338K	$732K	25x	as long as short