Funding you earn now, next payment 06:00 UTC+0.0546%/8h= +59.8% APRpaid last 24h +0.003%
Price spread now: Bitget against Lighter−0.138%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.138%, 7d avg −0.045%
=Together, before fees+0.172%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.094% cheaper against Lighter than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.045%). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.087% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPD | 1,300.2 | 0.0032 | pay 0.0004% / 1h | 36m 20s | $400K | $160K | 20x |
| Short | Bitget XPDUSDT | 1,298.4 | 0.0578 | get 0.0289% / 4h | 2h 36m | $5.0M | $242K | 100x |
Lighter XPD
Bitget XPDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $114.66
- Price spread: −0.138% → −0.045%
- −$9.38
- Slippage, 4 orders
- −$61.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $32.2
- Costs to cover
- 0.731%
- Break-even
- 5.0 days
Slippage from Lighter: live order book, 3 min ago; Bitget: live order book, 2 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 Lighter live order book, 3 min ago | 7.30 bp | 17.1 bp −$17 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.08 bp | 16.0 bp −$16 | 43.0 bp −$430 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XPD-USDT | 0.0000% | 4h | 1,296.7 | −0.269% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,296.7 | −0.268% | — | — | — | as long as short |
| Lighter XPDlong | +0.0032% | 1h | 1,300.2 | long leg | $400K | $160K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.507% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,296.5 | −0.285% | $2.7M | $472K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,297.9 | −0.177% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0132% | 4h | 1,299.2 | −0.076% | $2.0M | $473K | 100x | as long as short |
| Variational Omni XPD | +0.0265% | 4h | 1,301.1 | +0.067% | $536K | $24K | — | as long as short |
| OKX XPD-USDT-SWAP | +0.0362% | 8h | 1,299 | −0.092% | $321K | $475K | 50x | as long as short |
| BloFin XPD-USDT | +0.0395% | 4h | 1,300 | −0.015% | $30K | $20K | 100x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
KuCoin XPDUSDTM
Gate XPD_USDT
Variational Omni XPD
OKX XPD-USDT-SWAP
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX XPDUSDC | +0.0403% | 4h | 1,299.9 | −0.025% | $37K | $205K | 10x | as long as short |
| MEXC XPD_USDT | +0.0412% | 4h | 1,297.8 | −0.186% | $13.1M | $269K | 100x | as long as short |
| Binance XPDUSDT | +0.0419% | 4h | 1,299.2 | −0.075% | $3.8M | $4.7M | 100x | as long as short |
| HTX XPD-USDT | +0.0436% | 4h | 1,299.2 | −0.075% | $10K | $34K | 20x | as long as short |
| Bitget XPDUSDTshort | +0.0578% | 4h | 1,298.4 | −0.138% | $5.0M | $242K | 100x | |
| Aster XPDUSDT | +0.0685% | 4h | 1,297.8 | −0.187% | $26K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1224% | 4h | 1,299.3 | −0.066% | $336K | $714K | 25x | as long as short |
edgeX XPDUSDC
MEXC XPD_USDT
Binance XPDUSDT
HTX XPD-USDT
Aster XPDUSDT
GRVT XPD_USDT_Perp