Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter against HTX+0.028%7-day average — · you sell dearer than you buy

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

Long on HTX 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 0.028% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPD-USDT	1,308.5	0	get 0.0000% / 4h	2h 03m	$9K	$33K	20x
Short	Lighter XPD	1,308.9	0.0032	get 0.0004% / 1h	3m 55s	$404K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.028%Rate

Funding earned: $6.72
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.45
Costs to cover: 0.120%
Break-even: 9.6 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 56 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 56 min ago	4.94 bp	22.3 bp −$22	48.6 bp −$486	doesn't fit	doesn't fit

HTX: 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 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
Aster XPDUSDT	0.0000%	4h	1,308.5	+0.001%	$27K	$12K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,308.4	−0.006%	$3.7M	$4.5M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,309	+0.037%	$2.0M	$458K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,309.1	+0.044%	$13.1M	$335K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,308.7	+0.011%	$541K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,307.8	−0.057%	—	$1.9M	10x	as long as short
HTX XPD-USDTlong	0.0000%	4h	1,308.5	long leg	$9K	$33K	20x
edgeX XPDUSDC	+0.0002%	4h	1,308.5	−0.003%	$38K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,308.5	−0.002%	—	—	—	as long as short
tradeXYZ xyz:PALLADIUM	+0.0021%	1h	1,306.7	−0.140%	$2.7M	$518K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPDshort	+0.0032%	1h	1,308.9	+0.028%	$404K	$155K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.855%	$16K	$20K	52x	as long as short
OKX XPD-USDT-SWAP	+0.0035%	8h	1,308.4	−0.010%	$315K	$477K	50x	as long as short
Bitget XPDUSDT	+0.0074%	4h	1,308.6	+0.008%	$5.0M	$217K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,308.7	+0.009%	$170K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0416%	4h	1,308.1	−0.037%	$339K	$787K	25x	as long as short