Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h −0.013%

Price spread now: Variational Omni against Extended+0.026%7-day average +0.042% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now +0.026%, 7d avg +0.042%

Together, before fees+0.007%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.034% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XPT-USD	1,814	0.0032	pay 0.0004% / 1h	2m 56s	$209K	$559K	10x
Short	Variational Omni XPT	1,814.5	0.0217	get 0.0108% / 4h	3h 02m	$287K	$326K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: $38.8
Price spread: +0.026% → +0.042%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.2
Costs to cover: 0.050%
Break-even: 1.2 days

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 6 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 Extended live order book, 5 min ago	2.20 bp	4.7 bp −$5	38.4 bp −$384	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 6 min ago	2.59 bp	doesn't fit	30.5 bp −$305	doesn't fit	doesn't fit

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	1,815.6	+0.085%	$11K	$37K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,813.4	−0.034%	$233	—	150x	as long as short
Extended XPT-USDlong	+0.0032%	1h	1,814	long leg	$209K	$559K	10x
Vest PL-PERP	+0.0046%	1h	1,814.4	+0.021%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,813.7	−0.016%	$17K	$25K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,814.3	+0.017%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,815.3	+0.070%	$309	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0118%	1h	1,813.9	−0.007%	$3.6M	$1.1M	20x	as long as short
Gate XPT_USDT	+0.0158%	4h	1,816.1	+0.116%	$640K	$408K	100x	as long as short
Variational Omni XPTshort	+0.0217%	4h	1,814.5	+0.026%	$287K	$326K	—

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPT/USDC PERP	+0.0220%	1h	1,831.8	+0.977%	$6K	$34K	52x	as long as short
BloFin XPT-USDT	+0.0247%	4h	1,815	+0.053%	$85K	$64K	100x	as long as short
Binance XPTUSDT	+0.0275%	4h	1,815.5	+0.082%	$4.2M	$4.0M	100x	as long as short
MEXC XPT_USDT	+0.0276%	4h	1,815.6	+0.086%	$23.9M	$673K	100x	as long as short
edgeX XPTUSDC	+0.0299%	4h	1,814.2	+0.012%	$40K	$283K	10x	as long as short
Aster XPTUSDT	+0.0301%	4h	1,815.3	+0.071%	$15K	$12K	20x	as long as short
Paradex XPT-USD-PERP	+0.0318%	8h	1,815.5	+0.082%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0374%	4h	1,814.3	+0.017%	$1.2M	$356K	100x	as long as short
Lighter XPT	+0.0416%	1h	1,816.4	+0.131%	$359K	$16K	20x	as long as short
GRVT XPT_USDT_Perp	+0.0636%	4h	1,814.6	+0.029%	$208K	$994K	25x	as long as short
OKX XPT-USDT-SWAP	+0.0688%	8h	1,815.9	+0.104%	$908K	$538K	50x	as long as short