Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.065%

Price spread now: Bitget against Lighter−0.052%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

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

costs, in and out, $10k−$370.368% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.052%, 7d avg −0.080%

Together, before fees−0.323%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.028% dearer against Lighter than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.080%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,822.3	0.0520	pay 0.0065% / 1h	56m 46s	$360K	$15K	20x
Short	Bitget XPTUSDT	1,821.4	0.0388	get 0.0194% / 4h	3h 56m	$1.3M	$328K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$27.72
Price spread: −0.052% → −0.080%: $2.84
Slippage, 4 orders: −$24.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.64
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Bitget: live order book, 10 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, 8 min ago	1.92 bp	6.1 bp −$6	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	2.31 bp	11.4 bp −$11	37.7 bp −$377	doesn't fit	doesn't fit

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	1,820	−0.127%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,819.9	−0.131%	$233	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,819.6	−0.148%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,819	−0.184%	$17K	$27K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,820.5	−0.102%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,821.3	−0.057%	$310	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0105%	1h	1,821.3	−0.055%	$3.6M	$1.1M	20x	as long as short
Gate XPT_USDT	+0.0140%	4h	1,823.9	+0.086%	$677K	$351K	100x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,835.4	+0.720%	$6K	$34K	52x	as long as short
Variational Omni XPT	+0.0230%	4h	1,820.5	−0.100%	$288K	$326K	—	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	+0.0288%	1h	1,820.6	−0.096%	$206K	$453K	10x	as long as short
BloFin XPT-USDT	+0.0288%	4h	1,821.3	−0.058%	$86K	$64K	100x	as long as short
edgeX XPTUSDC	+0.0290%	4h	1,821	−0.070%	$40K	$281K	10x	as long as short
MEXC XPT_USDT	+0.0304%	4h	1,821	−0.071%	$24.2M	$644K	100x	as long as short
Binance XPTUSDT	+0.0304%	4h	1,822.5	+0.012%	$4.3M	$3.9M	100x	as long as short
Aster XPTUSDT	+0.0370%	4h	1,820.2	−0.116%	$15K	$12K	20x	as long as short
Bitget XPTUSDTshort	+0.0388%	4h	1,821.4	−0.052%	$1.3M	$328K	100x
Paradex XPT-USD-PERP	+0.0395%	8h	1,821.2	−0.058%	$3K	—	5x	as long as short
Lighter XPTlong	+0.0520%	1h	1,822.3	long leg	$360K	$15K	20x
GRVT XPT_USDT_Perp	+0.0692%	4h	1,820.8	−0.080%	$207K	$1.1M	25x	as long as short
OKX XPT-USDT-SWAP	+0.0716%	8h	1,823.2	+0.049%	$925K	$539K	50x	as long as short