Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0427%/8h= +46.7% APRpaid last 24h −0.065%

Price spread now: Variational Omni against Lighter−0.045%7-day average −0.063% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.045%, 7d avg −0.063%

Together, before fees−0.123%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.130% in total (about -13.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,792.7	0.0744	pay 0.0093% / 1h	58m 01s	$354K	$18K	20x
Short	Variational Omni XPT	1,791.9	0.1171	get 0.0585% / 4h	1h 58m	$261K	$197K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $89.63
Price spread: −0.045% → −0.063%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $91.5
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 41 min ago; Variational Omni: RFQ quote, 51 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 Lighter live order book, 41 min ago	1.95 bp	12.0 bp −$12	28.0 bp −$280	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 51 min ago	2.89 bp	doesn't fit	25.0 bp −$250	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	1,791.8	−0.051%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,788.6	−0.229%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,789	−0.206%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,788.8	−0.218%	$13K	$31K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0124%	1h	1,789.7	−0.167%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.787%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,792.4	−0.015%	$305	—	10x	as long as short
KuCoin XPTUSDTM	+0.0606%	4h	1,790.6	−0.117%	$246K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0663%	8h	1,791.7	−0.057%	$3K	—	5x	as long as short
Lighter XPTlong	+0.0744%	1h	1,792.7	long leg	$354K	$18K	20x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0776%	1h	1,788.4	−0.240%	$206K	$624K	10x	as long as short
Gate XPT_USDT	+0.0850%	4h	1,792.5	−0.013%	$721K	$531K	100x	as long as short
Aster XPTUSDT	+0.1156%	4h	1,789.4	−0.182%	$15K	$9K	20x	as long as short
Variational Omni XPTshort	+0.1171%	4h	1,791.9	−0.045%	$261K	$197K	—
Binance XPTUSDT	+0.1214%	4h	1,791.6	−0.064%	$4.5M	$4.6M	100x	as long as short
MEXC XPT_USDT	+0.1216%	4h	1,791	−0.097%	$23.4M	$631K	100x	as long as short
BloFin XPT-USDT	+0.1217%	4h	1,792.4	−0.017%	$94K	$69K	100x	as long as short
Bitget XPTUSDT	+0.1240%	4h	1,790.8	−0.105%	$1.4M	$510K	100x	as long as short
edgeX XPTUSDC	+0.1244%	4h	1,791.7	−0.053%	$39K	$283K	10x	as long as short
OKX XPT-USDT-SWAP	+0.1320%	8h	1,792.2	−0.028%	$997K	$701K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1386%	4h	1,791.5	−0.067%	$206K	$802K	25x	as long as short