Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0872%/8h= +95.5% APRpaid last 24h +0.113%

Price spread now: Lighter against HTX+0.042%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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 +$26 a day on $10k at the current rate, and Lighter is 0.042% dearer against HTX than usual: you sell high and buy low: +$4 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	HTX XPT-USDT	1,798.3	0	get 0.0000% / 4h	1h 11m	$10K	$38K	30x
Short	Lighter XPT	1,799	0.0872	get 0.0109% / 1h	11m 20s	$355K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.042%Rate

Funding earned: $183.12
Price spread: +0.042% → 0.000%: $4.17
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $175.29
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 43 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 43 min ago	1.38 bp	12.2 bp −$12	30.8 bp −$308	doesn't fit	doesn't fit

HTX: 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-USDTlong	0.0000%	4h	1,798.3	long leg	$10K	$38K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,793.8	−0.249%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,794.4	−0.214%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,793.7	−0.253%	$13K	$28K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,798	−0.015%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,820.4	+1.234%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0394%	4h	1,798.8	+0.032%	$638K	$434K	100x	as long as short
tradeXYZ xyz:PLATINUM	+0.0493%	1h	1,796.4	−0.103%	$3.6M	$979K	20x	as long as short
KuCoin XPTUSDTM	+0.0514%	4h	1,799.8	+0.087%	$201K	$17K	75x	as long as short
Variational Omni XPT	+0.0638%	4h	1,799.9	+0.093%	$280K	$223K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0640%	4h	1,795.9	−0.131%	$14K	$10K	20x	as long as short
Paradex XPT-USD-PERP	+0.0662%	8h	1,797.9	−0.022%	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.0705%	4h	1,799	+0.043%	$39K	$281K	10x	as long as short
MEXC XPT_USDT	+0.0710%	4h	1,797.7	−0.031%	$23.6M	$657K	100x	as long as short
Binance XPTUSDT	+0.0715%	4h	1,798	−0.013%	$4.3M	$3.8M	100x	as long as short
Extended XPT-USD	+0.0744%	1h	1,794.6	−0.203%	$205K	$623K	10x	as long as short
BloFin XPT-USDT	+0.0753%	4h	1,798	−0.013%	$85K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0806%	4h	1,797.6	−0.036%	$1.3M	$390K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0866%	8h	1,799	+0.042%	$938K	$565K	50x	as long as short
Lighter XPTshort	+0.0872%	1h	1,799	+0.042%	$355K	$15K	20x
GRVT XPT_USDT_Perp	+0.1140%	4h	1,798.9	+0.037%	$205K	$829K	25x	as long as short