XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: Binance against Lighter−0.007%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$500.495% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.007%, 7d avg +0.003%

Together, before fees−0.122%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,288.1	0.0032	pay 0.0004% / 1h	38m 31s	$396K	$161K	20x
Short	Binance XPDUSDT	1,288	0	get 0.0000% / 4h	3h 38m	$3.6M	$5.1M	100x

Funding history

latest

Range statsloading…

Binance against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee LighterbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Slippage from Lighter: live order book, 51 min ago; Binance: live order book, 14 min ago.

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, 51 min ago	9.65 bp	17.2 bp −$17	33.3 bp −$333	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.85 bp	13.1 bp −$13	30.0 bp −$300	143.7 bp −$14.4K	doesn't fit

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	−0.0375%	1h	1,285.5	−0.202%	$2.6M	$565K	20x	as long as short
Aster XPDUSDT	0.0000%	4h	1,287.3	−0.064%	$27K	$6K	20x	as long as short
Binance XPDUSDTshort	0.0000%	4h	1,288	−0.007%	$3.6M	$5.1M	100x
Gate XPD_USDT	0.0000%	4h	1,287.3	−0.061%	$2.0M	$478K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,288.2	+0.009%	$12.9M	$336K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,286.9	−0.090%	$523K	$32K	—	as long as short
GRVT XPD_USDT_Perp	0.0000%	4h	1,287.4	−0.056%	$334K	$639K	25x	as long as short
SunX XPD-USDT	0.0000%	4h	1,286.9	−0.093%	—	$1.6M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,287.4	−0.055%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,286.5	−0.125%	—	—	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XPDUSDC	+0.0018%	4h	1,287	−0.083%	$37K	$205K	10x	as long as short
Lighter XPDlong	+0.0032%	1h	1,288.1	long leg	$396K	$161K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.470%	$16K	$20K	52x	as long as short
BloFin XPD-USDT	+0.0055%	4h	1,287.1	−0.080%	$32K	$21K	100x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,286.9	−0.091%	$167K	$7K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0116%	8h	1,288.1	0.000%	$337K	$508K	50x	as long as short
Bitget XPDUSDT	+0.0218%	4h	1,287.1	−0.075%	$5.0M	$261K	100x	as long as short