XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0152%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.009%

Price spread now: tradeXYZ against Lighter−0.054%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.054%, 7d avg −0.130%

Together, before fees−0.063%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.075% dearer against Lighter than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.130%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,291.8	0.0032	pay 0.0004% / 1h	16m 31s	$397K	$159K	20x
Short	tradeXYZ xyz:PALLADIUM	1,291.1	−0.0120	pay 0.0015% / 1h	16m 31s	$2.6M	$566K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$31.95
Price spread: −0.054% → −0.130%: $7.55
Slippage, 4 orders: −$23.07
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$65.47
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Lighter: live order book, 30 min ago; tradeXYZ: live order book, 4 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, 30 min ago	3.86 bp	5.5 bp −$6	18.2 bp −$182	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.55 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

XPD on 17 exchanges

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
tradeXYZ xyz:PALLADIUMshort	−0.0120%	1h	1,291.1	−0.054%	$2.6M	$566K	20x
edgeX XPDUSDC	−0.0009%	4h	1,293	+0.093%	$37K	$206K	10x	as long as short
BloFin XPD-USDT	−0.0003%	4h	1,292.9	+0.088%	$33K	$23K	100x	as long as short
Aster XPDUSDT	0.0000%	4h	1,293	+0.090%	$26K	$7K	20x	as long as short
Binance XPDUSDT	0.0000%	4h	1,292.9	+0.081%	$3.7M	$5.3M	100x	as long as short
OKX XPD-USDT-SWAP	0.0000%	8h	1,293.3	+0.116%	$337K	$558K	50x	as long as short
Gate XPD_USDT	0.0000%	4h	1,292.5	+0.056%	$2.0M	$487K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,292.6	+0.058%	$13.6M	$452K	100x	as long as short
Bitget XPDUSDT	0.0000%	4h	1,292	+0.019%	$5.0M	$301K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,293.3	+0.113%	$525K	$32K	—	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XPD-USDT	0.0000%	4h	1,290.7	−0.087%	—	$1.6M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,292.8	+0.075%	$10K	$35K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,291.3	−0.043%	—	—	—	as long as short
Lighter XPDlong	+0.0032%	1h	1,291.8	long leg	$397K	$159K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.174%	$16K	$20K	52x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,291.1	−0.053%	$168K	$7K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0120%	4h	1,292.4	+0.044%	$336K	$622K	25x	as long as short