Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against Variational Omni−0.009%7-day average +0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.009%, 7d avg +0.011%

Together, before fees+0.004%+ Points / potential airdropVariational Omni: Active · farm board$0 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: MEXC is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,314.6	0	get 0.0000% / 4h	23m 20s	$543K	$25K	—
Short	MEXC XPD_USDT	1,314.5	0	get 0.0000% / 4h	23m 20s	$13.2M	$338K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.011%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.01
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; MEXC: live order book, 9 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, 10 min ago	2.17 bp	doesn't fit	55.5 bp −$555	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	8.72 bp	8.7 bp −$9	9.9 bp −$99	58.9 bp −$5,892	293.5 bp −$146.8K

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	1,315.5	+0.066%	$27K	$12K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315.6	+0.077%	$3.8M	$4.2M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,315.4	+0.059%	$321K	$514K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,315.3	+0.053%	$1.9M	$420K	100x	as long as short
MEXC XPD_USDTshort	0.0000%	4h	1,314.5	−0.009%	$13.2M	$338K	100x
Variational Omni XPDlong	0.0000%	4h	1,314.6	long leg	$543K	$25K	—
SunX XPD-USDT	0.0000%	4h	1,312.8	−0.139%	—	$2.0M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,315.2	+0.046%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0006%	4h	1,313.9	−0.053%	$5.0M	$233K	100x	as long as short
BloFin XPD-USDT	+0.0006%	4h	1,314.6	−0.005%	$30K	$18K	100x	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	1,313	−0.125%	—	—	—	as long as short
edgeX XPDUSDC	+0.0009%	4h	1,315.1	+0.036%	$38K	$205K	10x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.382%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,313.5	−0.086%	$2.7M	$483K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.6	−0.001%	$172K	$4K	75x	as long as short
Lighter XPD	+0.0176%	1h	1,316.5	+0.142%	$401K	$142K	20x	as long as short
GRVT XPD_USDT_Perp	+0.0318%	4h	1,315	+0.029%	$335K	$1.1M	25x	as long as short