Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.017%

Price spread now: BloFin against Lighter+0.257%480s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on BloFin

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 BloFin is 0.257% dearer against Lighter than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 480 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,313.9	0.0032	pay 0.0004% / 1h	41m 10s	$405K	$154K	20x
Short	BloFin XPD-USDT	1,317.3	0.0058	get 0.0029% / 4h	2h 41m	$30K	$20K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.257%Rate

Funding earned: $5.37
Price spread: +0.257% → 0.000%: $25.72
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $19.09
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: live order book, 19 min ago; BloFin: 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, 19 min ago	4.94 bp	23.7 bp −$24	45.3 bp −$453	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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
Binance XPDUSDT	0.0000%	4h	1,314.1	+0.013%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,313.4	−0.041%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,313.5	−0.034%	$13.2M	$332K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,313.2	−0.050%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,311.3	−0.199%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,315.1	+0.093%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,311.1	−0.214%	—	—	—	as long as short
Aster XPDUSDT	+0.0010%	4h	1,311.7	−0.169%	$27K	$12K	20x	as long as short
edgeX XPDUSDC	+0.0019%	4h	1,315.3	+0.110%	$38K	$205K	10x	as long as short
Lighter XPDlong	+0.0032%	1h	1,313.9	long leg	$405K	$154K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.438%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,312	−0.145%	$2.7M	$512K	20x	as long as short
BloFin XPD-USDTshort	+0.0058%	4h	1,317.3	+0.257%	$30K	$20K	100x
Bitget XPDUSDT	+0.0068%	4h	1,313.3	−0.047%	$5.0M	$220K	100x	as long as short
OKX XPD-USDT-SWAP	+0.0091%	8h	1,313.2	−0.053%	$318K	$464K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,311.9	−0.150%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0508%	4h	1,315.1	+0.092%	$340K	$822K	25x	as long as short