Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: HTX against Lighter−0.085%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 HTX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.085% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,313.3	0.0032	pay 0.0004% / 1h	17m 52s	$405K	$155K	20x
Short	HTX XPD-USDT	1,312.2	0	get 0.0000% / 4h	2h 17m	$10K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$6.72
Price spread: −0.085% → 0.000%: −$8.45
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.17
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 42 min ago; HTX: 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, 42 min ago	4.94 bp	23.7 bp −$24	45.3 bp −$453	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 16 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
edgeX XPDUSDC	−0.0001%	4h	1,312.1	−0.088%	$38K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,312.1	−0.095%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,312.9	−0.034%	$2.0M	$451K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,311.9	−0.104%	$13.1M	$334K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,312	−0.096%	$542K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,310.9	−0.184%	—	$1.9M	10x	as long as short
HTX XPD-USDTshort	0.0000%	4h	1,312.2	−0.085%	$10K	$33K	20x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,311.8	−0.117%	—	—	—	as long as short
Aster XPDUSDT	+0.0018%	4h	1,311.9	−0.106%	$27K	$12K	20x	as long as short
Lighter XPDlong	+0.0032%	1h	1,313.3	long leg	$405K	$155K	20x

Show all 16 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	+1.485%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,310.3	−0.228%	$2.7M	$519K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0062%	8h	1,312.5	−0.061%	$315K	$471K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,311.6	−0.129%	$171K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0108%	4h	1,311.9	−0.108%	$5.0M	$216K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0526%	4h	1,312.2	−0.083%	$340K	$803K	25x	as long as short