Funding you earn now, next payment 06:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.003%
Price spread now: Lighter against Bitget+0.066%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.066%, 7d avg +0.045%
=Together, before fees−0.100%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.022% dearer against Bitget than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.045%): +$2 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.087% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% 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 | Bitget XPDUSDT | 1,298.5 | 0.0578 | pay 0.0289% / 4h | 2h 36m | $5.0M | $242K | 100x |
| Short | Lighter XPD | 1,299.4 | 0.0040 | get 0.0005% / 1h | 36m 11s | $400K | $160K | 20x |
Bitget XPDUSDT
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$112.98
- Price spread: +0.066% → +0.045%
- $2.16
- Slippage, 4 orders
- −$61.08
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$183.9
- Costs to cover
- 0.731%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 4 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 Bitget live order book, 2 min ago | 4.08 bp | 15.0 bp −$15 | 54.5 bp −$545 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 7.30 bp | 24.9 bp −$25 | 52.0 bp −$520 | doesn't fit | doesn't fit |
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 | 1,296.7 | −0.142% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,296.7 | −0.140% | — | — | — | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.638% | $16K | $20K | 52x | as long as short |
| Lighter XPDshort | +0.0040% | 1h | 1,299.4 | +0.066% | $400K | $160K | 20x | |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,296.9 | −0.126% | $2.7M | $472K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,297.9 | −0.049% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0132% | 4h | 1,299 | +0.034% | $2.0M | $473K | 100x | as long as short |
| Variational Omni XPD | +0.0265% | 4h | 1,301.1 | +0.195% | $536K | $24K | — | as long as short |
| OKX XPD-USDT-SWAP | +0.0365% | 8h | 1,299 | +0.035% | $320K | $475K | 50x | as long as short |
| BloFin XPD-USDT | +0.0395% | 4h | 1,300 | +0.112% | $30K | $20K | 100x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
KuCoin XPDUSDTM
Gate XPD_USDT
Variational Omni XPD
OKX XPD-USDT-SWAP
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX XPDUSDC | +0.0403% | 4h | 1,299.9 | +0.103% | $37K | $205K | 10x | as long as short |
| MEXC XPD_USDT | +0.0412% | 4h | 1,298.3 | −0.019% | $13.1M | $269K | 100x | as long as short |
| Binance XPDUSDT | +0.0419% | 4h | 1,299.4 | +0.070% | $3.8M | $4.7M | 100x | as long as short |
| HTX XPD-USDT | +0.0436% | 4h | 1,299.2 | +0.052% | $10K | $34K | 20x | as long as short |
| Bitget XPDUSDTlong | +0.0578% | 4h | 1,298.5 | long leg | $5.0M | $242K | 100x | |
| Aster XPDUSDT | +0.0685% | 4h | 1,297.6 | −0.072% | $26K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1224% | 4h | 1,299.3 | +0.062% | $336K | $714K | 25x | as long as short |
edgeX XPDUSDC
MEXC XPD_USDT
Binance XPDUSDT
HTX XPD-USDT
Aster XPDUSDT
GRVT XPD_USDT_Perp