Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.4% APRpaid last 24h +0.018%

Price spread now: Aster against Lighter−0.086%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.086% cheaper against Lighter than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,316.8	0.0032	pay 0.0004% / 1h	48m 05s	$404K	$153K	20x
Short	Aster XPDUSDT	1,315.7	0.0117	get 0.0059% / 4h	48m 05s	$27K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.086%Rate

Funding earned: $17.93
Price spread: −0.086% → 0.000%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.33
Costs to cover: 0.080%
Break-even: 6.5 days

Slippage unknown: Lighter: live order book, 22 min ago; Aster: no order-book sample. 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 Lighter live order book, 22 min ago	7.97 bp	16.1 bp −$16	37.7 bp −$377	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
BloFin XPD-USDT	−0.0031%	4h	1,316.5	−0.022%	$30K	$19K	100x	as long as short
tradeXYZ xyz:PALLADIUM	−0.0023%	1h	1,314	−0.213%	$2.7M	$524K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,316.6	−0.014%	$3.8M	$4.3M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.6	−0.017%	$2.0M	$409K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,316.3	−0.041%	$13.2M	$337K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.4	−0.030%	$541K	$12K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315.4	−0.109%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,316.4	−0.029%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,313.2	−0.276%	—	—	—	as long as short
edgeX XPDUSDC	+0.0017%	4h	1,316.4	−0.029%	$38K	$206K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPDlong	+0.0032%	1h	1,316.8	long leg	$404K	$153K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.215%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0078%	4h	1,315.9	−0.068%	$5.0M	$219K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,315.2	−0.121%	$171K	$4K	75x	as long as short
Aster XPDUSDTshort	+0.0117%	4h	1,315.7	−0.086%	$27K	$12K	20x
OKX XPD-USDT-SWAP	+0.0158%	8h	1,316.1	−0.053%	$321K	$486K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0460%	4h	1,316.4	−0.033%	$339K	$1.0M	25x	as long as short