Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h +0.071%

Price spread now: Lighter against BloFin+0.064%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.064% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPT-USDT	1,799.3	0.0898	pay 0.0449% / 4h	16m 25s	$89K	$68K	100x
Short	Lighter XPT	1,800.4	0.0928	get 0.0116% / 1h	16m 25s	$356K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.064%Rate

Funding earned: $6.23
Price spread: +0.064% → 0.000%: $6.39
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.62
Costs to cover: 0.120%
Break-even: 6.3 days

Slippage unknown: BloFin: no order-book sample; Lighter: live order book, 33 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 BloFin no order-book sample	—	—	—	—	—
Sell Lighter live order book, 33 min ago	1.39 bp	11.7 bp −$12	31.1 bp −$311	doesn't fit	doesn't fit

BloFin: 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
HTX XPT-USDT	0.0000%	4h	1,799.7	+0.026%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,793.8	−0.304%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.8	−0.247%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,796.9	−0.131%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0184%	1h	1,799.1	−0.009%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.3	+0.781%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0414%	1h	1,797.2	−0.114%	$3.6M	$994K	20x	as long as short
Gate XPT_USDT	+0.0490%	4h	1,800.3	+0.059%	$734K	$503K	100x	as long as short
KuCoin XPTUSDTM	+0.0714%	4h	1,800.3	+0.058%	$249K	$40K	75x	as long as short
Variational Omni XPT	+0.0784%	4h	1,798.9	−0.018%	$279K	$209K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XPT-USD-PERP	+0.0800%	8h	1,799.2	0.000%	$3K	—	5x	as long as short
Aster XPTUSDT	+0.0811%	4h	1,799.1	−0.011%	$14K	$9K	20x	as long as short
Extended XPT-USD	+0.0824%	1h	1,793.9	−0.299%	$207K	$612K	10x	as long as short
edgeX XPTUSDC	+0.0856%	4h	1,799.2	0.000%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.0866%	4h	1,796.6	−0.146%	$23.6M	$645K	100x	as long as short
Binance XPTUSDT	+0.0870%	4h	1,799.1	−0.008%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDTlong	+0.0898%	4h	1,799.3	long leg	$89K	$68K	100x
Lighter XPTshort	+0.0928%	1h	1,800.4	+0.064%	$356K	$16K	20x
Bitget XPTUSDT	+0.0986%	4h	1,798.3	−0.052%	$1.3M	$448K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1005%	8h	1,799.6	+0.019%	$943K	$608K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1228%	4h	1,798.8	−0.023%	$205K	$813K	25x	as long as short