Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against Variational Omni−0.055%7-day average −0.102% · 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 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.055%, 7d avg −0.102%

Together, before fees+0.017%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.047% dearer against Variational Omni than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.102%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,800.8	0.0608	pay 0.0304% / 4h	1h 25m	$280K	$226K	—
Short	tradeXYZ xyz:PLATINUM	1,799.8	0.0475	get 0.0059% / 1h	25m 46s	$3.6M	$977K	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

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 Variational OmnibpFee tradeXYZbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$27.88
Price spread: −0.055% → −0.102%: $4.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$41.2
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; tradeXYZ: 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, 38 min ago	2.72 bp	doesn't fit	35.8 bp −$358	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 1 min ago	1.39 bp	13.7 bp −$14	doesn't fit	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	1,801.3	+0.030%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,797.8	−0.167%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,798.2	−0.144%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.6	−0.175%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,801.2	+0.023%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+0.846%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0396%	4h	1,801.9	+0.062%	$638K	$431K	100x	as long as short
KuCoin XPTUSDTM	+0.0438%	4h	1,799.4	−0.077%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUMshort	+0.0475%	1h	1,799.8	−0.055%	$3.6M	$977K	20x
Aster XPTUSDT	+0.0606%	4h	1,800	−0.043%	$14K	$10K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPTlong	+0.0608%	4h	1,800.8	long leg	$280K	$226K	—
BloFin XPT-USDT	+0.0634%	4h	1,801	+0.012%	$85K	$68K	100x	as long as short
Paradex XPT-USD-PERP	+0.0642%	8h	1,801	+0.014%	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.0648%	4h	1,800.1	−0.039%	$39K	$284K	10x	as long as short
MEXC XPT_USDT	+0.0664%	4h	1,799.8	−0.057%	$23.7M	$656K	100x	as long as short
Binance XPTUSDT	+0.0665%	4h	1,801.3	+0.027%	$4.3M	$3.8M	100x	as long as short
Extended XPT-USD	+0.0720%	1h	1,798.3	−0.136%	$199K	$616K	10x	as long as short
Bitget XPTUSDT	+0.0754%	4h	1,800.9	+0.006%	$1.3M	$392K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0816%	8h	1,801.8	+0.056%	$900K	$526K	50x	as long as short
Lighter XPT	+0.0848%	1h	1,802.4	+0.089%	$357K	$15K	20x	as long as short
GRVT XPT_USDT_Perp	+0.1120%	4h	1,799.9	−0.049%	$205K	$841K	25x	as long as short