Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.004%

Price spread now: tradeXYZ against Variational Omni−0.088%7-day average −0.116% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.088%, 7d avg −0.116%

Together, before fees−0.006%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.028% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPD	1,291.9	0	get 0.0000% / 4h	1h 42m	$525K	$29K	—
Short	tradeXYZ xyz:PALLADIUM	1,290.8	0.0049	get 0.0006% / 1h	42m 59s	$2.6M	$567K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.28
Price spread: −0.088% → −0.116%: $2.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$4.93
Costs to cover: 0.180%
Break-even: 10.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; tradeXYZ: live order book, 8 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, 4 min ago	2.09 bp	doesn't fit	43.8 bp −$438	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	5.80 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

XPD on 17 exchanges

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
Aster XPDUSDT	0.0000%	4h	1,292.7	+0.056%	$26K	$7K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,292.6	+0.048%	$3.7M	$5.3M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,291.8	−0.010%	$342K	$569K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,292.6	+0.055%	$2.0M	$488K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,292.3	+0.031%	$13.5M	$377K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,291.9	−0.003%	$5.0M	$309K	100x	as long as short
Variational Omni XPDlong	0.0000%	4h	1,291.9	long leg	$525K	$29K	—
SunX XPD-USDT	0.0000%	4h	1,290	−0.148%	—	$1.5M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,291.9	−0.001%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,290.7	−0.095%	—	—	—	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0017%	4h	1,291.8	−0.013%	$37K	$207K	10x	as long as short
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.163%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMshort	+0.0049%	1h	1,290.8	−0.088%	$2.6M	$567K	20x
BloFin XPD-USDT	+0.0056%	4h	1,291.7	−0.022%	$33K	$23K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,291.2	−0.057%	$168K	$7K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0242%	4h	1,292.5	+0.045%	$335K	$625K	25x	as long as short
Lighter XPD	+0.0256%	1h	1,292.3	+0.028%	$397K	$159K	20x	as long as short