Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h +0.010%

Price spread now: Paradex against Variational Omni+0.050%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.050% dearer against Variational Omni than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,783.6	0.0723	pay 0.0362% / 4h	48m 03s	$236K	$212K	—
Short	Paradex XPT-USD-PERP	1,784.5	0.0346	get 0.0346% / 8h	48m 03s	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$79.27
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$78.27
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 56 min ago; Paradex: 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, 56 min ago	2.72 bp	doesn't fit	35.5 bp −$355	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	1,784.7	+0.063%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,782.6	−0.057%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.7	−0.106%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,782.7	−0.049%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,782.1	−0.083%	$13K	$29K	10x	as long as short
KuCoin XPTUSDTM	+0.0126%	4h	1,784.9	+0.074%	$239K	$42K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.4	+1.113%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0296%	1h	1,785.6	+0.113%	$355K	$24K	20x	as long as short
Paradex XPT-USD-PERPshort	+0.0346%	8h	1,784.5	+0.050%	$3K	—	5x
Aevo PLATINUM-PERP	+0.0464%	1h	1,785.1	+0.083%	$303	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0634%	4h	1,784.7	+0.060%	$699K	$541K	100x	as long as short
Extended XPT-USD	+0.0664%	1h	1,782.4	−0.065%	$157K	$701K	10x	as long as short
Aster XPTUSDT	+0.0675%	4h	1,784.1	+0.031%	$15K	$10K	20x	as long as short
Variational Omni XPTlong	+0.0723%	4h	1,783.6	long leg	$236K	$212K	—
BloFin XPT-USDT	+0.0738%	4h	1,784.6	+0.059%	$96K	$69K	100x	as long as short
Binance XPTUSDT	+0.0755%	4h	1,785.2	+0.090%	$4.6M	$5.0M	100x	as long as short
MEXC XPT_USDT	+0.0758%	4h	1,784.7	+0.063%	$23.3M	$650K	100x	as long as short
edgeX XPTUSDC	+0.0788%	4h	1,784.1	+0.030%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.0806%	4h	1,784.4	+0.045%	$1.4M	$500K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0904%	4h	1,783.4	−0.011%	$205K	$789K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1146%	8h	1,785.5	+0.108%	$1.0M	$748K	50x	as long as short