Funding arb · Price arb /

XPD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Variational Omni−0.192%7-day average +0.017% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.192%, 7d avg +0.017%

Together, before fees+0.218%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.209% cheaper against Variational Omni than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,316.6	0	get 0.0000% / 4h	2h 41m	$545K	$14K	—
Short	Gate XPD_USDT	1,314	0	get 0.0000% / 4h	2h 41m	$2.0M	$435K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.192%Rate

Funding earned: $0
Price spread: −0.192% → +0.017%: −$20.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.95
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Gate: live order book, 1 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, 27 min ago	1.90 bp	doesn't fit	41.5 bp −$415	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.34 bp	24.5 bp −$25	130.8 bp −$1,308	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
Binance XPDUSDT	0.0000%	4h	1,312.7	−0.293%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDTshort	0.0000%	4h	1,314	−0.192%	$2.0M	$435K	100x
MEXC XPD_USDT	0.0000%	4h	1,313.2	−0.257%	$13.2M	$332K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,316.6	long leg	$545K	$14K	—
SunX XPD-USDT	0.0000%	4h	1,312.1	−0.335%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,315.1	−0.109%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313	−0.268%	—	—	—	as long as short
Aster XPDUSDT	+0.0011%	4h	1,314.4	−0.166%	$27K	$12K	20x	as long as short
edgeX XPDUSDC	+0.0015%	4h	1,316.1	−0.038%	$38K	$206K	10x	as long as short
Lighter XPD	+0.0032%	1h	1,315.1	−0.110%	$405K	$154K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.234%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,311.4	−0.391%	$2.7M	$512K	20x	as long as short
BloFin XPD-USDT	+0.0058%	4h	1,317.3	+0.055%	$30K	$20K	100x	as long as short
Bitget XPDUSDT	+0.0070%	4h	1,312.8	−0.286%	$5.0M	$220K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0091%	8h	1,313.2	−0.255%	$318K	$463K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,312.9	−0.277%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0508%	4h	1,315.1	−0.109%	$340K	$822K	25x	as long as short