Funding you earn now, next payment 07:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h +0.001%
Price spread now: OKX against Lighter−0.108%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.108%, 7d avg −0.015%
=Together, before fees+0.210%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.094% cheaper against Lighter than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.015%). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.093% in total) that is about 7.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.9% 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 | 1,295.6 | 0.0032 | pay 0.0004% / 1h | 0m 16s | $399K | $160K | 20x |
| Short | OKX XPD-USDT-SWAP | 1,294.2 | 0.0265 | get 0.0265% / 8h | 1h 00m | $322K | $474K | 50x |
Lighter XPD
OKX XPD-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $48.94
- Price spread: −0.108% → −0.015%
- −$9.36
- Slippage, 4 orders
- −$69.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$39.71
- Costs to cover
- 0.793%
- Break-even
- 12.7 days
Slippage from Lighter: live order book, 34 min ago; OKX: live order book, 40 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, 34 min ago | 1.93 bp | 17.8 bp −$18 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell OKX live order book, 40 min ago | 0.77 bp | 19.0 bp −$19 | 79.0 bp −$790 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPD-USDT | −0.0021% | 4h | 1,294 | −0.127% | $30K | $20K | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,294.9 | −0.055% | $2.0M | $483K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,294.5 | −0.088% | $534K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,292.7 | −0.225% | — | $1.7M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,295.2 | −0.032% | $10K | $35K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,293.4 | −0.169% | — | — | — | as long as short |
| Binance XPDUSDT | +0.0022% | 4h | 1,295.4 | −0.017% | $3.7M | $4.8M | 100x | as long as short |
| edgeX XPDUSDC | +0.0023% | 4h | 1,293.8 | −0.139% | $37K | $206K | 10x | as long as short |
| MEXC XPD_USDT | +0.0024% | 4h | 1,294.9 | −0.054% | $13.0M | $272K | 100x | as long as short |
| Lighter XPDlong | +0.0032% | 1h | 1,295.6 | long leg | $399K | $160K | 20x |
BloFin XPD-USDT
Gate XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
Binance XPDUSDT
edgeX XPDUSDC
MEXC XPD_USDTShow 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 | +2.871% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,293.5 | −0.162% | $2.7M | $435K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,295.1 | −0.036% | $168K | $7K | 75x | as long as short |
| OKX XPD-USDT-SWAPshort | +0.0265% | 8h | 1,294.2 | −0.108% | $322K | $474K | 50x | |
| Aster XPDUSDT | +0.0292% | 4h | 1,295.6 | −0.001% | $27K | $6K | 20x | as long as short |
| Bitget XPDUSDT | +0.0434% | 4h | 1,295 | −0.050% | $5.0M | $246K | 100x | as long as short |
| GRVT XPD_USDT_Perp | +0.0698% | 4h | 1,293.9 | −0.133% | $335K | $692K | 25x | as long as short |
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
KuCoin XPDUSDTM
Aster XPDUSDT
Bitget XPDUSDT
GRVT XPD_USDT_Perp