Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.016%

Price spread now: Lighter against KuCoin+0.098%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2262.258% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.098%, 7d avg +0.024%

Together, before fees−0.184%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.074% dearer against KuCoin than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.024%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.054% in total) that is about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XPDUSDTM	1,301.1	0.0100	pay 0.0050% / 4h	38m 18s	$169K	$5K	75x
Short	Lighter XPD	1,302.4	0.0032	get 0.0004% / 1h	38m 18s	$402K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$14.28
Price spread: +0.098% → +0.024%: $7.36
Slippage, 4 orders: −$213.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$232.72
Costs to cover: 2.258%
Break-even: never at this rate

Slippage from KuCoin: live order book, 36 min ago; Lighter: live order book, 11 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 KuCoin live order book, 36 min ago	21.13 bp	68.4 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	6.53 bp	30.6 bp −$31	57.6 bp −$576	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
BloFin XPD-USDT	−0.0032%	4h	1,302.3	+0.088%	$30K	$20K	100x	as long as short
edgeX XPDUSDC	−0.0017%	4h	1,302.2	+0.084%	$37K	$205K	10x	as long as short
Aster XPDUSDT	0.0000%	4h	1,300.8	−0.029%	$27K	$5K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,301.8	+0.053%	$3.8M	$4.6M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,301.3	+0.013%	$323K	$468K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,301.9	+0.057%	$2.0M	$456K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,301.4	+0.017%	$13.1M	$268K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,302.2	+0.086%	$537K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,298.9	−0.170%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,302.3	+0.087%	$9K	$34K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.6	−0.121%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,302.4	+0.098%	$402K	$155K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.434%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,299.7	−0.110%	$2.7M	$509K	20x	as long as short
Bitget XPDUSDT	+0.0056%	4h	1,301.2	+0.003%	$5.0M	$240K	100x	as long as short
KuCoin XPDUSDTMlong	+0.0100%	4h	1,301.1	long leg	$169K	$5K	75x
GRVT XPD_USDT_Perp	+0.0374%	4h	1,301.6	+0.038%	$337K	$729K	25x	as long as short