Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.008%

Price spread now: Extended against Variational Omni−0.162%7-day average −0.057% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$6 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.162%, 7d avg −0.057%

Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.105% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of −0.057%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.055% in total) that is about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,798.4	0	get 0.0000% / 4h	1h 03m	$252K	$189K	—
Short	Extended XPT-USD	1,795.5	0.0144	get 0.0018% / 1h	3m 38s	$154K	$684K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.162%Rate

Funding earned: $30.24
Price spread: −0.162% → −0.057%: −$10.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $14.79
Costs to cover: 0.050%
Break-even: 3.6 days

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Extended: live order book, 42 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, 43 min ago	2.54 bp	doesn't fit	29.9 bp −$299	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	1.12 bp	7.7 bp −$8	40.4 bp −$404	doesn't fit	doesn't fit

XPT on 21 exchanges

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 XPTUSDC	−0.0009%	4h	1,799	+0.032%	$39K	$282K	10x	as long as short
Aster XPTUSDT	0.0000%	4h	1,797.9	−0.031%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,798	−0.024%	$4.7M	$6.0M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,798.4	−0.002%	$23.1M	$726K	100x	as long as short
Variational Omni XPTlong	0.0000%	4h	1,798.4	long leg	$252K	$189K	—
HTX XPT-USDT	0.0000%	4h	1,798.9	+0.026%	$10K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,796.7	−0.098%	$230	—	150x	as long as short
Bitget XPTUSDT	+0.0038%	4h	1,798.1	−0.020%	$1.3M	$630K	100x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796	−0.136%	—	—	25x	as long as short
BloFin XPT-USDT	+0.0047%	4h	1,799.2	+0.042%	$88K	$77K	100x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:PLATINUM	+0.0052%	1h	1,796.4	−0.114%	$3.4M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.9	−0.088%	$14K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,797.6	−0.046%	$237K	$41K	75x	as long as short
Gate XPT_USDT	+0.0102%	4h	1,799	+0.029%	$644K	$601K	100x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798.2	−0.016%	$306	—	10x	as long as short
Paradex XPT-USD-PERP	+0.0123%	8h	1,797.8	−0.036%	$3K	—	5x	as long as short
Extended XPT-USDshort	+0.0144%	1h	1,795.5	−0.162%	$154K	$684K	10x
GRVT XPT_USDT_Perp	+0.0146%	4h	1,799	+0.033%	$205K	$794K	25x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,811.1	+0.705%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0328%	1h	1,799.2	+0.042%	$359K	$51K	20x	as long as short
OKX XPT-USDT-SWAP	+0.0398%	8h	1,798.4	−0.002%	$920K	$1.1M	50x	as long as short