Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.100%

Price spread now: OKX against Variational Omni−0.155%7-day average +0.047% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.155%, 7d avg +0.047%

Together, before fees+0.238%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.202% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of +0.047%). If the spread goes back, that is −$20 on $10k: about 2.4 days of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.100% in total) that is about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,802.5	0.0488	pay 0.0244% / 4h	1h 51m	$280K	$232K	—
Short	OKX XPT-USDT-SWAP	1,799.7	0.0769	get 0.0769% / 8h	5h 51m	$902K	$512K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $58.99
Price spread: −0.155% → +0.047%: −$20.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $28.81
Costs to cover: 0.100%
Break-even: 3.6 days

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; OKX: live order book, 10 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, 13 min ago	2.72 bp	doesn't fit	35.8 bp −$358	doesn't fit	doesn't fit
Sell OKX live order book, 10 min ago	0.28 bp	9.1 bp −$9	26.4 bp −$264	doesn't fit	doesn't fit

XPT on 20 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
HTX XPT-USDT	0.0000%	4h	1,803.9	+0.076%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,795.1	−0.409%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,796.1	−0.355%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796	−0.360%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,799.6	−0.158%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.8	+1.017%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0356%	4h	1,799.6	−0.163%	$634K	$427K	100x	as long as short
KuCoin XPTUSDTM	+0.0376%	4h	1,799.9	−0.146%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0461%	1h	1,796.6	−0.327%	$3.6M	$985K	20x	as long as short
Variational Omni XPTlong	+0.0488%	4h	1,802.5	long leg	$280K	$232K	—

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0526%	4h	1,799.2	−0.182%	$14K	$10K	20x	as long as short
MEXC XPT_USDT	+0.0566%	4h	1,798.2	−0.241%	$23.7M	$653K	100x	as long as short
Binance XPTUSDT	+0.0571%	4h	1,799.3	−0.177%	$4.2M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0577%	4h	1,803.5	+0.054%	$39K	$282K	10x	as long as short
Paradex XPT-USD-PERP	+0.0616%	8h	1,800.2	−0.130%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0666%	4h	1,798.9	−0.201%	$1.3M	$393K	100x	as long as short
Extended XPT-USD	+0.0704%	1h	1,795.8	−0.372%	$204K	$617K	10x	as long as short
OKX XPT-USDT-SWAPshort	+0.0769%	8h	1,799.7	−0.155%	$902K	$512K	50x
Lighter XPT	+0.0832%	1h	1,801	−0.083%	$356K	$14K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1062%	4h	1,802.5	+0.001%	$205K	$872K	25x	as long as short