Funding you earn now, next payment 06:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h −0.013%
Price spread now: edgeX against Lighter−0.025%49s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.025%, 7d avg −0.010%
=Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% 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 | 1,298.2 | 0.0048 | pay 0.0006% / 1h | 30m 42s | $400K | $160K | 20x |
| Short | edgeX XPDUSDC | 1,297.9 | 0.0429 | get 0.0214% / 4h | 2h 30m | $37K | $206K | 10x |
Lighter XPD
edgeX XPDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $79.95
- Price spread: −0.025% → −0.010%
- −$1.41
- Slippage, 4 orders
- −$62.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $7.53
- Costs to cover
- 0.710%
- Break-even
- 6.3 days
Slippage from Lighter: live order book, 9 min ago; edgeX: live order book, 16 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, 9 min ago | 7.30 bp | 17.1 bp −$17 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 16 min ago | 7.53 bp | 15.9 bp −$16 | 127.6 bp −$1,276 | 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 | 1,295.3 | −0.220% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,295.9 | −0.176% | — | — | — | as long as short |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.665% | $16K | $20K | 52x | as long as short |
| Lighter XPDlong | +0.0048% | 1h | 1,298.2 | long leg | $400K | $160K | 20x | |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,295.8 | −0.185% | $2.7M | $471K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,296.3 | −0.149% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0142% | 4h | 1,298.2 | −0.001% | $2.0M | $476K | 100x | as long as short |
| Variational Omni XPD | +0.0323% | 4h | 1,297.7 | −0.037% | $535K | $24K | — | as long as short |
| OKX XPD-USDT-SWAP | +0.0384% | 8h | 1,297.6 | −0.046% | $320K | $476K | 50x | as long as short |
| BloFin XPD-USDT | +0.0408% | 4h | 1,297.8 | −0.029% | $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 XPDUSDCshort | +0.0429% | 4h | 1,297.9 | −0.025% | $37K | $206K | 10x | |
| HTX XPD-USDT | +0.0430% | 4h | 1,297.3 | −0.073% | $10K | $34K | 20x | as long as short |
| MEXC XPD_USDT | +0.0440% | 4h | 1,297.3 | −0.069% | $13.1M | $269K | 100x | as long as short |
| Binance XPDUSDT | +0.0443% | 4h | 1,298 | −0.019% | $3.8M | $4.8M | 100x | as long as short |
| Bitget XPDUSDT | +0.0598% | 4h | 1,297.4 | −0.065% | $5.0M | $245K | 100x | as long as short |
| Aster XPDUSDT | +0.0715% | 4h | 1,297.3 | −0.066% | $26K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1232% | 4h | 1,297.3 | −0.071% | $335K | $714K | 25x | as long as short |
HTX XPD-USDT
MEXC XPD_USDT
Binance XPDUSDT
Bitget XPDUSDT
Aster XPDUSDT
GRVT XPD_USDT_Perp