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 0.000%

Price spread now: HTX against Variational Omni+0.081%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.081% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,311.5	0	get 0.0000% / 4h	2h 34m	$543K	$14K	—
Short	HTX XPD-USDT	1,312.6	0	get 0.0000% / 4h	2h 34m	$10K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → 0.000%: $8.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$3.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; HTX: no order-book sample. 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, 34 min ago	1.90 bp	doesn't fit	41.5 bp −$415	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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.

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
edgeX XPDUSDC	0.0000%	4h	1,313.7	+0.166%	$38K	$205K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,313.3	+0.138%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,313	+0.110%	$2.0M	$442K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,312.9	+0.107%	$13.2M	$333K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,311.5	long leg	$543K	$14K	—
SunX XPD-USDT	0.0000%	4h	1,310.5	−0.081%	—	$1.9M	10x	as long as short
HTX XPD-USDTshort	0.0000%	4h	1,312.6	+0.081%	$10K	$33K	20x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,311	−0.038%	—	—	—	as long as short
Aster XPDUSDT	+0.0015%	4h	1,312.4	+0.070%	$27K	$12K	20x	as long as short
Lighter XPD	+0.0032%	1h	1,313.4	+0.142%	$405K	$155K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.622%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,311.1	−0.033%	$2.7M	$513K	20x	as long as short
BloFin XPD-USDT	+0.0058%	4h	1,317.3	+0.438%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0081%	8h	1,312.7	+0.089%	$314K	$475K	50x	as long as short
Bitget XPDUSDT	+0.0086%	4h	1,311.7	+0.011%	$5.0M	$217K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,313	+0.111%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0504%	4h	1,312.7	+0.092%	$340K	$809K	25x	as long as short