Funding arb · Price arb /

XPD

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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 0.000%

Price spread now: Gate against Variational Omni−0.031%7-day average +0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

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)+0.061%+$6 · spread now −0.031%, 7d avg +0.018%

Together, before fees+0.049%+ Points / potential airdropVariational Omni: Active · farm board+$5 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: Gate is 0.048% 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 +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,315.9	0	get 0.0000% / 4h	3h 05m	$545K	$14K	—
Short	Gate XPD_USDT	1,315.5	0	get 0.0000% / 4h	3h 05m	$2.0M	$441K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.018%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.83
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Gate: live order book, 3 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, 4 min ago	1.90 bp	doesn't fit	41.5 bp −$415	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.70 bp	31.4 bp −$31	133.1 bp −$1,331	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
BloFin XPD-USDT	−0.0035%	4h	1,316.4	+0.035%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	−0.0005%	4h	1,316	+0.005%	$38K	$205K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315.7	−0.016%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDTshort	0.0000%	4h	1,315.5	−0.031%	$2.0M	$441K	100x
MEXC XPD_USDT	0.0000%	4h	1,315.6	−0.025%	$13.2M	$341K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,315.9	long leg	$545K	$14K	—
SunX XPD-USDT	0.0000%	4h	1,313.1	−0.214%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,315.6	−0.026%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.8	−0.160%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,316.2	+0.022%	$406K	$154K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0033%	4h	1,315.3	−0.044%	$27K	$12K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.283%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,313.9	−0.153%	$2.7M	$517K	20x	as long as short
Bitget XPDUSDT	+0.0052%	4h	1,314.3	−0.126%	$5.0M	$221K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0099%	8h	1,315.4	−0.039%	$321K	$482K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,315.3	−0.046%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0610%	4h	1,315.4	−0.036%	$340K	$856K	25x	as long as short