Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0446%/8h= +48.9% APRpaid last 24h +0.046%

Price spread now: Lighter against Paradex+0.043%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.043% dearer against Paradex 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	Paradex XPT-USD-PERP	1,797.8	0.0506	pay 0.0506% / 8h	3h 20m	$3K	—	5x
Short	Lighter XPT	1,798.6	0.0952	get 0.0119% / 1h	20m 07s	$355K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.043%Rate

Funding earned: $93.76
Price spread: +0.043% → 0.000%: $4.27
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $94.03
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 24 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 24 min ago	1.95 bp	8.0 bp −$8	18.4 bp −$184	doesn't fit	doesn't fit

Paradex: 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-USDT	0.0000%	4h	1,797	−0.045%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.9	−0.274%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.5	−0.241%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,795.7	−0.119%	$13K	$30K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813	+0.844%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0352%	1h	1,798.1	+0.015%	$306	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0490%	1h	1,795.3	−0.141%	$3.6M	$1.0M	20x	as long as short
Paradex XPT-USD-PERPlong	+0.0506%	8h	1,797.8	long leg	$3K	—	5x
KuCoin XPTUSDTM	+0.0692%	4h	1,796.3	−0.085%	$249K	$40K	75x	as long as short
Gate XPT_USDT	+0.0850%	4h	1,796.1	−0.099%	$730K	$511K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPTshort	+0.0952%	1h	1,798.6	+0.043%	$355K	$19K	20x
Aster XPTUSDT	+0.1071%	4h	1,793.2	−0.256%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.1072%	4h	1,796.7	−0.063%	$280K	$193K	—	as long as short
edgeX XPTUSDC	+0.1117%	4h	1,795.2	−0.145%	$39K	$282K	10x	as long as short
MEXC XPT_USDT	+0.1120%	4h	1,794	−0.212%	$23.5M	$601K	100x	as long as short
Binance XPTUSDT	+0.1126%	4h	1,797.3	−0.030%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1144%	4h	1,797	−0.047%	$89K	$68K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1174%	8h	1,797.4	−0.024%	$952K	$615K	50x	as long as short
Bitget XPTUSDT	+0.1190%	4h	1,794.5	−0.183%	$1.4M	$471K	100x	as long as short
Extended XPT-USD	+0.1224%	1h	1,793	−0.270%	$205K	$618K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1526%	4h	1,794.3	−0.194%	$205K	$812K	25x	as long as short