Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0764%/8h= +83.7% APRpaid last 24h +0.006%

Price spread now: Variational Omni against Injective−0.956%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

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 · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.956% cheaper against Injective than usual: you would sell low and buy high (spread −0.956% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$96 on $10k: about 4.2 days of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,801.4	0.0220	pay 0.0028% / 1h	29m 23s	$6K	$34K	52x
Short	Variational Omni XPT	1,784.2	0.0984	get 0.0492% / 4h	1h 29m	$260K	$189K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now −0.956%Rate

Funding earned: $160.43
Price spread: −0.956% → 0.000%: −$95.63
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $64.78
Costs to cover: 0.000%
Break-even: 4.2 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 15 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 15 min ago	2.72 bp	doesn't fit	25.4 bp −$254	doesn't fit	doesn't fit

Injective: 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	1,784.6	−0.930%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.9	−1.084%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.2	−1.121%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,782	−1.075%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0127%	1h	1,782.1	−1.071%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,801.4	long leg	$6K	$34K	52x
KuCoin XPTUSDTM	+0.0426%	4h	1,784.1	−0.958%	$238K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0500%	8h	1,784.1	−0.958%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0520%	1h	1,784.5	−0.936%	$303	—	10x	as long as short
Extended XPT-USD	+0.0640%	1h	1,781.5	−1.105%	$201K	$628K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPT	+0.0656%	1h	1,785.8	−0.865%	$353K	$18K	20x	as long as short
Gate XPT_USDT	+0.0742%	4h	1,785.7	−0.873%	$717K	$538K	100x	as long as short
Aster XPTUSDT	+0.0966%	4h	1,784.1	−0.961%	$15K	$10K	20x	as long as short
Variational Omni XPTshort	+0.0984%	4h	1,784.2	−0.956%	$260K	$189K	—
Binance XPTUSDT	+0.1030%	4h	1,783.9	−0.968%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1036%	4h	1,783.7	−0.985%	$23.3M	$637K	100x	as long as short
edgeX XPTUSDC	+0.1048%	4h	1,784.3	−0.949%	$39K	$283K	10x	as long as short
Bitget XPTUSDT	+0.1072%	4h	1,783.5	−0.995%	$1.4M	$510K	100x	as long as short
BloFin XPT-USDT	+0.1080%	4h	1,784.5	−0.936%	$96K	$69K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1130%	4h	1,783.9	−0.969%	$205K	$786K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1259%	8h	1,785.1	−0.904%	$1.0M	$741K	50x	as long as short