Funding you earn now, next payment 22:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.002%
Price spread now: Lighter against Binance+0.101%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 2 days (all we have)−0.126%−$13 · spread now +0.101%, 7d avg −0.011%
=Together, before fees−0.084%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.112% dearer against Binance than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.011%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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 | Binance XPDUSDT | 1,311.1 | 0.0278 | pay 0.0139% / 4h | 2h 08m | $3.8M | $4.4M | 100x |
| Short | Lighter XPD | 1,312.4 | 0.0032 | get 0.0004% / 1h | 8m 46s | $399K | $148K | 20x |
Binance XPDUSDT
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$51.58
- Price spread: +0.101% → −0.011%
- $11.24
- Slippage, 4 orders
- −$52.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$102.6
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 6 min ago.
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 Binance live order book, 13 min ago | 0.53 bp | 13.9 bp −$14 | 38.8 bp −$388 | 161.7 bp −$16.2K | doesn't fit |
| Sell Lighter live order book, 6 min ago | 10.28 bp | 23.3 bp −$23 | 43.5 bp −$435 | doesn't fit | doesn't fit |
XPD on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPD_USDT | 0.0000% | 4h | 1,311.4 | +0.028% | $1.9M | $430K | 100x | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,309.4 | −0.131% | — | $2.0M | 10x | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,312.4 | +0.101% | $399K | $148K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +1.657% | $16K | $20K | 52x | as long as short |
| HTX XPD-USDT | +0.0094% | 4h | 1,311.5 | +0.036% | $10K | $33K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,310.2 | −0.065% | $171K | $4K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0166% | 8h | 1,311.5 | +0.033% | $321K | $515K | 50x | as long as short |
| Variational Omni XPD | +0.0182% | 4h | 1,311.9 | +0.066% | $539K | $28K | — | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0195% | 1h | 1,309.6 | −0.112% | $2.7M | $542K | 20x | as long as short |
| Binance XPDUSDTlong | +0.0278% | 4h | 1,311.1 | long leg | $3.8M | $4.4M | 100x |
Gate XPD_USDT
SunX XPD-USDT
Injective XPD/USDC PERP
HTX XPD-USDT
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
Variational Omni XPD
tradeXYZ xyz:PALLADIUMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XPD_USDT | +0.0284% | 4h | 1,311.5 | +0.030% | $13.1M | $339K | 100x | as long as short |
| edgeX XPDUSDC | +0.0299% | 4h | 1,311.9 | +0.065% | $38K | $205K | 10x | as long as short |
| BloFin XPD-USDT | +0.0328% | 4h | 1,311.8 | +0.055% | $30K | $19K | 100x | as long as short |
| Bitget XPDUSDT | +0.0370% | 4h | 1,310.8 | −0.021% | $5.0M | $284K | 100x | as long as short |
| Aster XPDUSDT | +0.0447% | 4h | 1,310.9 | −0.016% | $27K | $12K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.0894% | 4h | 1,311.5 | +0.030% | $337K | $1.1M | 25x | as long as short |
MEXC XPD_USDT
edgeX XPDUSDC
BloFin XPD-USDT
Bitget XPDUSDT
Aster XPDUSDT
GRVT XPD_USDT_Perp