Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.076%

Price spread now: Gate against Lighter−0.025%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.387%−$39 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.025%, 7d avg −0.031%

Together, before fees−0.351%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.387%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,785.8	0.0664	pay 0.0083% / 1h	31m 28s	$353K	$18K	20x
Short	Gate XPT_USDT	1,785.4	0.0750	get 0.0375% / 4h	1h 31m	$718K	$538K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $18.06
Price spread: −0.025% → −0.031%: $0.61
Slippage, 4 orders: −$39.17
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.49
Costs to cover: 0.542%
Break-even: 20.8 days

Slippage from Lighter: live order book, 3 min ago; Gate: 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, 3 min ago	2.24 bp	13.6 bp −$14	30.5 bp −$305	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	1.18 bp	15.1 bp −$15	31.3 bp −$313	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	1,784.6	−0.066%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.6	−0.237%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.3	−0.252%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,781.8	−0.224%	$13K	$29K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0135%	1h	1,781.9	−0.218%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,801.4	+0.873%	$6K	$34K	52x	as long as short
KuCoin XPTUSDTM	+0.0444%	4h	1,784.1	−0.096%	$238K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0513%	8h	1,784.5	−0.070%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0520%	1h	1,785	−0.047%	$303	—	10x	as long as short
Extended XPT-USD	+0.0640%	1h	1,781.1	−0.266%	$201K	$628K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPTlong	+0.0664%	1h	1,785.8	long leg	$353K	$18K	20x
Gate XPT_USDTshort	+0.0750%	4h	1,785.4	−0.025%	$718K	$538K	100x
Aster XPTUSDT	+0.0983%	4h	1,784.4	−0.081%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.1033%	4h	1,784	−0.101%	$260K	$190K	—	as long as short
Binance XPTUSDT	+0.1042%	4h	1,784.3	−0.084%	$4.5M	$4.8M	100x	as long as short
MEXC XPT_USDT	+0.1054%	4h	1,783.9	−0.108%	$23.3M	$637K	100x	as long as short
BloFin XPT-USDT	+0.1076%	4h	1,784.8	−0.058%	$96K	$69K	100x	as long as short
edgeX XPTUSDC	+0.1077%	4h	1,784.4	−0.077%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.1086%	4h	1,783.6	−0.124%	$1.4M	$510K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1146%	4h	1,784.1	−0.096%	$205K	$786K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1262%	8h	1,784.8	−0.056%	$1.0M	$741K	50x	as long as short