Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.048%

Price spread now: Lighter against Aster+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.057% dearer against Aster than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPTUSDT	1,782.4	0.0246	pay 0.0123% / 4h	3h 51m	$15K	$10K	20x
Short	Lighter XPT	1,783.4	0.0192	get 0.0024% / 1h	51m 30s	$356K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$11.27
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.53
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 38 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 38 min ago	2.24 bp	6.4 bp −$6	23.7 bp −$237	doesn't fit	doesn't fit

Aster: 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.

XPT on 21 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
GRVT XPT_USDT_Perp	0.0000%	4h	1,781.6	−0.045%	$204K	$781K	25x	as long as short
HTX XPT-USDT	0.0000%	4h	1,781	−0.077%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,778.6	−0.214%	$228	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,779.7	−0.150%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,781.2	−0.066%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.1	−0.074%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,781.4	−0.054%	$235K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0190%	8h	1,782.2	−0.010%	$3K	—	5x	as long as short
Lighter XPTshort	+0.0192%	1h	1,783.4	+0.057%	$356K	$42K	20x
Injective XPT/USDC PERP	+0.0220%	1h	1,800.3	+1.004%	$6K	$34K	52x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0232%	1h	1,781.1	−0.072%	$153K	$711K	10x	as long as short
Variational Omni XPT	+0.0240%	4h	1,780.2	−0.125%	$245K	$206K	—	as long as short
Aster XPTUSDTlong	+0.0246%	4h	1,782.4	long leg	$15K	$10K	20x
Gate XPT_USDT	+0.0246%	4h	1,782.3	−0.005%	$680K	$546K	100x	as long as short
BloFin XPT-USDT	+0.0250%	4h	1,782	−0.020%	$97K	$70K	100x	as long as short
Binance XPTUSDT	+0.0293%	4h	1,782.6	+0.013%	$4.6M	$5.3M	100x	as long as short
MEXC XPT_USDT	+0.0300%	4h	1,782.5	+0.006%	$23.1M	$647K	100x	as long as short
Aevo PLATINUM-PERP	+0.0304%	1h	1,780.4	−0.109%	$303	—	10x	as long as short
edgeX XPTUSDC	+0.0315%	4h	1,781	−0.078%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.0428%	4h	1,781.8	−0.031%	$1.3M	$531K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0929%	8h	1,782.5	+0.007%	$1.0M	$797K	50x	as long as short