Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.001%

Price spread now: Lighter against edgeX+0.099%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−$53as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.099%, 7d avg +0.011%

Together, before fees−0.024%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.089% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XPDUSDC	1,316.5	−0.0014	get 0.0007% / 4h	21m 29s	$38K	$205K	10x
Short	Lighter XPD	1,317.8	0.0032	get 0.0004% / 1h	21m 29s	$404K	$153K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.099%Rate

Funding earned: $9.63
Price spread: +0.099% → +0.011%: $8.87
Slippage, 4 orders: −$52.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.26
Costs to cover: 0.618%
Break-even: 38.5 days

Slippage from edgeX: live order book, 55 min ago; Lighter: live order book, 48 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 edgeX live order book, 55 min ago	5.37 bp	11.0 bp −$11	138.8 bp −$1,388	doesn't fit	doesn't fit
Sell Lighter live order book, 48 min ago	7.97 bp	23.8 bp −$24	52.9 bp −$529	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
edgeX XPDUSDClong	−0.0014%	4h	1,316.5	long leg	$38K	$205K	10x
Binance XPDUSDT	0.0000%	4h	1,316.9	+0.031%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,317.4	+0.067%	$2.0M	$415K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316.7	+0.018%	$13.2M	$339K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,315.9	−0.048%	$541K	$12K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315.9	−0.043%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,317	+0.039%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,315.8	−0.054%	—	—	—	as long as short
BloFin XPD-USDT	+0.0026%	4h	1,315.7	−0.059%	$30K	$19K	100x	as long as short
Lighter XPDshort	+0.0032%	1h	1,317.8	+0.099%	$404K	$153K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.239%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0043%	1h	1,314.8	−0.128%	$2.7M	$524K	20x	as long as short
Bitget XPDUSDT	+0.0050%	4h	1,315.7	−0.058%	$5.0M	$219K	100x	as long as short
Aster XPDUSDT	+0.0100%	4h	1,316.2	−0.018%	$27K	$12K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,316.4	−0.009%	$171K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0166%	8h	1,316.6	+0.008%	$321K	$486K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0488%	4h	1,316.2	−0.020%	$338K	$944K	25x	as long as short