Funding you earn now, next payment 01:00 UTC−0.0301%/8h= −33.0% APRnext payment −$0.38 per $10,000 · paid last 24h −0.090%
Price spread now: tradeXYZ against Lighter−0.182%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.182%, 7d avg −0.164%
=Together, before fees−0.235%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.164%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPT | 1,815.3 | 0.0464 | pay 0.0058% / 1h | 21m 37s | $359K | $16K | 20x |
| Short | tradeXYZ xyz:PLATINUM | 1,812 | 0.0163 | get 0.0020% / 1h | 21m 37s | $3.6M | $1.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.27
- Price spread: −0.182% → −0.164%
- −$1.81
- Slippage, 4 orders
- −$20.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$104.05
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; tradeXYZ: live order book, 7 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, 43 min ago | 1.92 bp | 6.1 bp −$6 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 1.10 bp | 14.0 bp −$14 | doesn't fit | 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 | 1,814 | −0.069% | $11K | $36K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,810.8 | −0.247% | $232 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,811.8 | −0.193% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,810.5 | −0.264% | $17K | $25K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,814.4 | −0.051% | $202K | $19K | 75x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,813.9 | −0.077% | $308 | — | 10x | as long as short |
| Extended XPT-USD | +0.0160% | 1h | 1,811.2 | −0.226% | $207K | $510K | 10x | as long as short |
| tradeXYZ xyz:PLATINUMshort | +0.0163% | 1h | 1,812 | −0.182% | $3.6M | $1.1M | 20x | |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,835.4 | +1.107% | $6K | $34K | 52x | as long as short |
| Gate XPT_USDT | +0.0222% | 4h | 1,814.4 | −0.052% | $643K | $405K | 100x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPT | +0.0223% | 4h | 1,814.2 | −0.060% | $287K | $326K | — | as long as short |
| MEXC XPT_USDT | +0.0296% | 4h | 1,813.1 | −0.121% | $23.9M | $672K | 100x | as long as short |
| Binance XPTUSDT | +0.0298% | 4h | 1,813.5 | −0.099% | $4.3M | $4.0M | 100x | as long as short |
| BloFin XPT-USDT | +0.0298% | 4h | 1,814.6 | −0.037% | $85K | $64K | 100x | as long as short |
| edgeX XPTUSDC | +0.0309% | 4h | 1,813.6 | −0.093% | $40K | $282K | 10x | as long as short |
| Aster XPTUSDT | +0.0338% | 4h | 1,812.6 | −0.150% | $15K | $12K | 20x | as long as short |
| Paradex XPT-USD-PERP | +0.0373% | 8h | 1,813.4 | −0.102% | $3K | — | 5x | as long as short |
| Bitget XPTUSDT | +0.0396% | 4h | 1,813.4 | −0.105% | $1.2M | $350K | 100x | as long as short |
| Lighter XPTlong | +0.0464% | 1h | 1,815.3 | long leg | $359K | $16K | 20x | |
| OKX XPT-USDT-SWAP | +0.0708% | 8h | 1,814 | −0.072% | $907K | $537K | 50x | as long as short |
| GRVT XPT_USDT_Perp | +0.0792% | 4h | 1,814.3 | −0.057% | $208K | $1.0M | 25x | as long as short |
Lighter XPT
tradeXYZ xyz:PLATINUM
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Pacifica PLATINUM
KuCoin XPTUSDTM
Extended XPT-USD
Injective XPT/USDC PERP
Gate XPT_USDT
Variational Omni XPT
MEXC XPT_USDT
Binance XPTUSDT
BloFin XPT-USDT
edgeX XPTUSDC
Aster XPTUSDT
Paradex XPT-USD-PERP
Bitget XPTUSDT
OKX XPT-USDT-SWAP
GRVT XPT_USDT_Perp