Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.012%

Price spread now: Lighter against BloFin+0.110%60s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.110% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPD-USDT	1,286.3	0.0005	pay 0.0002% / 4h	3h 23m	$32K	$21K	100x
Short	Lighter XPD	1,287.7	0.0032	get 0.0004% / 1h	23m 57s	$396K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.110%Rate

Funding earned: $5.68
Price spread: +0.110% → 0.000%: $11.04
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.72
Costs to cover: 0.120%
Break-even: 1.2 days

Slippage unknown: BloFin: no order-book sample; Lighter: live order book, just now. 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 BloFin no order-book sample	—	—	—	—	—
Sell Lighter live order book, just now	3.88 bp	10.7 bp −$11	38.4 bp −$384	doesn't fit	doesn't fit

BloFin: 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
tradeXYZ xyz:PALLADIUM	−0.0316%	1h	1,285.4	−0.068%	$2.6M	$568K	20x	as long as short
edgeX XPDUSDC	−0.0018%	4h	1,285.9	−0.031%	$37K	$205K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,287	+0.052%	$27K	$6K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,287.5	+0.091%	$3.6M	$5.2M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,287.3	+0.075%	$2.0M	$480K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,286.6	+0.025%	$12.9M	$356K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,285.8	−0.037%	$523K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,287.1	+0.067%	$334K	$629K	25x	as long as short
SunX XPD-USDT	0.0000%	4h	1,287.1	+0.064%	—	$1.6M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,286.2	−0.009%	$10K	$35K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPD-USDTlong	+0.0005%	4h	1,286.3	long leg	$32K	$21K	100x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,284.3	−0.158%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,287.7	+0.110%	$396K	$161K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.617%	$16K	$20K	52x	as long as short
OKX XPD-USDT-SWAP	+0.0079%	8h	1,285.7	−0.045%	$340K	$520K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,286.7	+0.034%	$167K	$7K	75x	as long as short
Bitget XPDUSDT	+0.0142%	4h	1,286.9	+0.044%	$5.0M	$259K	100x	as long as short