Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.025%
Price spread now: Lighter against tradeXYZ+0.236%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.236%, 7d avg +0.128%
=Together, before fees−0.158%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.108% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of +0.128%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.078% in total) that is about 9.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:PALLADIUM | 1,312 | 0.0050 | pay 0.0006% / 1h | 23m 56s | $2.7M | $517K | 20x |
| Short | Lighter XPD | 1,315.1 | 0.0032 | get 0.0004% / 1h | 23m 56s | $405K | $154K | 20x |
tradeXYZ xyz:PALLADIUM
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$3.78
- Price spread: +0.236% → +0.128%
- $10.81
- Slippage, 4 orders
- −$41.78
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.75
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Lighter: live order book, 41 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 tradeXYZ live order book, 4 min ago | 2.29 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 41 min ago | 1.89 bp | 22.0 bp −$22 | 46.6 bp −$466 | 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 | −0.0018% | 4h | 1,315 | +0.229% | $30K | $20K | 100x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,313.9 | +0.148% | $3.8M | $4.4M | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,313.7 | +0.129% | $2.0M | $435K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,314.7 | +0.206% | $13.2M | $339K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,314.5 | +0.194% | $544K | $14K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,312.8 | +0.059% | — | $1.9M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,314.2 | +0.165% | $10K | $33K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,312.8 | +0.061% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0020% | 4h | 1,315.2 | +0.242% | $38K | $205K | 10x | as long as short |
| Bitget XPDUSDT | +0.0022% | 4h | 1,313.8 | +0.133% | $5.0M | $222K | 100x | as long as short |
BloFin XPD-USDT
Binance XPDUSDT
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
Bitget XPDUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XPDUSDT | +0.0027% | 4h | 1,313.6 | +0.125% | $27K | $12K | 20x | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,315.1 | +0.236% | $405K | $154K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +1.585% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUMlong | +0.0050% | 1h | 1,312 | long leg | $2.7M | $517K | 20x | |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,314.4 | +0.182% | $171K | $5K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0116% | 8h | 1,313.9 | +0.145% | $324K | $477K | 50x | as long as short |
| GRVT XPD_USDT_Perp | +0.0698% | 4h | 1,314.4 | +0.184% | $340K | $881K | 25x | as long as short |
Aster XPDUSDT
Injective XPD/USDC PERP
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
GRVT XPD_USDT_Perp