Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0507%/8h= −55.5% APRpaid last 24h +0.002%

Price spread now: Lighter against Aster+0.126%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.126% dearer against Aster than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPDUSDT	1,298.6	0.0539	pay 0.0270% / 4h	3h 00m	$26K	$5K	20x
Short	Lighter XPD	1,300.2	0.0032	get 0.0004% / 1h	0m 51s	$401K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$106.52
Price spread: +0.126% → 0.000%: $12.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$101.96
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 44 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 44 min ago	1.15 bp	22.6 bp −$23	50.7 bp −$507	doesn't fit	doesn't fit

Aster: 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.

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
SunX XPD-USDT	0.0000%	4h	1,297.5	−0.086%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,297.8	−0.061%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,300.2	+0.126%	$401K	$160K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.636%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,297.3	−0.098%	$2.7M	$470K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,299.4	+0.067%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0108%	4h	1,300	+0.112%	$2.0M	$478K	100x	as long as short
Variational Omni XPD	+0.0196%	4h	1,300	+0.109%	$536K	$24K	—	as long as short
BloFin XPD-USDT	+0.0274%	4h	1,299.9	+0.103%	$30K	$20K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0281%	8h	1,299.9	+0.103%	$321K	$472K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0294%	4h	1,299.9	+0.104%	$37K	$206K	10x	as long as short
MEXC XPD_USDT	+0.0316%	4h	1,298.7	+0.012%	$13.1M	$271K	100x	as long as short
Binance XPDUSDT	+0.0322%	4h	1,300.2	+0.124%	$3.8M	$4.7M	100x	as long as short
HTX XPD-USDT	+0.0456%	4h	1,299.7	+0.085%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0490%	4h	1,299.5	+0.075%	$5.0M	$242K	100x	as long as short
Aster XPDUSDTlong	+0.0539%	4h	1,298.6	long leg	$26K	$5K	20x
GRVT XPD_USDT_Perp	+0.1276%	4h	1,299.8	+0.096%	$338K	$715K	25x	as long as short