Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0999%/8h= −109.4% APRpaid last 24h −0.042%

Price spread now: Pacifica against Variational Omni−0.169%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 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 · Pacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Pacifica is 0.169% cheaper against Variational Omni than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,784.4	0.1099	pay 0.0550% / 4h	1h 45m	$260K	$193K	—
Short	Pacifica PLATINUM	1,781.4	0.0100	get 0.0013% / 1h	45m 26s	$13K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.169%Rate

Funding earned: −$209.85
Price spread: −0.169% → 0.000%: −$16.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$234.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Pacifica: 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, 64 min ago	2.89 bp	doesn't fit	40.8 bp −$408	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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.

XPT on 21 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	1,783.8	−0.033%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,782	−0.134%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.6	−0.158%	—	$50	25x	as long as short
Pacifica PLATINUMshort	+0.0100%	1h	1,781.4	−0.169%	$13K	$29K	10x
tradeXYZ xyz:PLATINUM	+0.0171%	1h	1,783.3	−0.063%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,809.9	+1.427%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,785.2	+0.045%	$303	—	10x	as long as short
KuCoin XPTUSDTM	+0.0540%	4h	1,785.6	+0.064%	$239K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0585%	8h	1,784.5	+0.004%	$3K	—	5x	as long as short
Extended XPT-USD	+0.0648%	1h	1,782	−0.138%	$201K	$629K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0688%	1h	1,785.7	+0.072%	$353K	$18K	20x	as long as short
Gate XPT_USDT	+0.0796%	4h	1,785.3	+0.049%	$717K	$535K	100x	as long as short
Aster XPTUSDT	+0.1073%	4h	1,784.7	+0.014%	$15K	$10K	20x	as long as short
Variational Omni XPTlong	+0.1099%	4h	1,784.4	long leg	$260K	$193K	—
BloFin XPT-USDT	+0.1110%	4h	1,783.8	−0.038%	$94K	$69K	100x	as long as short
Binance XPTUSDT	+0.1142%	4h	1,785.3	+0.050%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1148%	4h	1,784	−0.025%	$23.3M	$636K	100x	as long as short
edgeX XPTUSDC	+0.1160%	4h	1,783.4	−0.056%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.1170%	4h	1,783.5	−0.053%	$1.4M	$514K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1264%	4h	1,783.5	−0.051%	$205K	$799K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1298%	8h	1,785	+0.032%	$1.0M	$734K	50x	as long as short