Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.015%

Price spread now: Variational Omni against OKX−0.019%7-day average +0.005% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.019%, 7d avg +0.005%

Together, before fees+0.038%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.023% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPD-USDT-SWAP	1,301.5	0.0326	pay 0.0326% / 8h	2h 46m	$322K	$473K	50x
Short	Variational Omni XPD	1,301.3	0.0228	get 0.0114% / 4h	2h 46m	$537K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.019%Rate

Funding earned: −$20.47
Price spread: −0.019% → +0.005%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 64 min ago; Variational Omni: RFQ quote, 3 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 OKX live order book, 64 min ago	0.77 bp	14.4 bp −$14	73.8 bp −$738	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.80 bp	doesn't fit	44.3 bp −$443	doesn't fit	doesn't fit

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
SunX XPD-USDT	0.0000%	4h	1,299.1	−0.184%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.6	−0.148%	—	—	—	as long as short
Lighter XPD	+0.0032%	1h	1,301.9	+0.031%	$402K	$160K	20x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.405%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299	−0.192%	$2.7M	$472K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,300.5	−0.076%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0128%	4h	1,301.7	+0.017%	$2.0M	$471K	100x	as long as short
Variational Omni XPDshort	+0.0228%	4h	1,301.3	−0.019%	$537K	$24K	—
OKX XPD-USDT-SWAPlong	+0.0326%	8h	1,301.5	long leg	$322K	$473K	50x
MEXC XPD_USDT	+0.0364%	4h	1,299.6	−0.149%	$13.1M	$268K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0370%	4h	1,301.7	+0.012%	$3.8M	$4.7M	100x	as long as short
edgeX XPDUSDC	+0.0379%	4h	1,301.3	−0.018%	$37K	$206K	10x	as long as short
BloFin XPD-USDT	+0.0383%	4h	1,301.8	+0.020%	$30K	$20K	100x	as long as short
HTX XPD-USDT	+0.0434%	4h	1,301.6	+0.006%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0540%	4h	1,299.5	−0.157%	$5.0M	$242K	100x	as long as short
Aster XPDUSDT	+0.0623%	4h	1,300.3	−0.088%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1246%	4h	1,301.2	−0.019%	$336K	$718K	25x	as long as short