Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.088%

Price spread now: Lighter against Variational Omni+0.122%7-day average +0.064% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.151%+$15 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.122%, 7d avg +0.064%

Together, before fees+0.062%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.059% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XPT	1,794.8	0.0705	pay 0.0353% / 4h	42m 39s	$279K	$216K	—
Short	Lighter XPT	1,797	0.0768	get 0.0096% / 1h	42m 39s	$355K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.122%Rate

Funding earned: $13.23
Price spread: +0.122% → +0.064%: $5.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.08
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Lighter: live order book, 7 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 Variational Omni RFQ quote, 16 min ago	3.09 bp	doesn't fit	32.8 bp −$328	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.39 bp	11.7 bp −$12	31.1 bp −$311	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	1,794.6	−0.012%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.8	−0.110%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.3	−0.084%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.6	−0.123%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0120%	1h	1,796.4	+0.088%	$305	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+1.179%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0261%	1h	1,793.6	−0.067%	$3.5M	$977K	20x	as long as short
Gate XPT_USDT	+0.0426%	4h	1,797	+0.123%	$639K	$441K	100x	as long as short
KuCoin XPTUSDTM	+0.0606%	4h	1,796.6	+0.101%	$200K	$17K	75x	as long as short
Paradex XPT-USD-PERP	+0.0668%	8h	1,795.8	+0.057%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0689%	4h	1,794.5	−0.019%	$14K	$10K	20x	as long as short
Variational Omni XPTlong	+0.0705%	4h	1,794.8	long leg	$279K	$216K	—
Extended XPT-USD	+0.0752%	1h	1,792.5	−0.128%	$202K	$612K	10x	as long as short
MEXC XPT_USDT	+0.0764%	4h	1,794.3	−0.029%	$23.6M	$644K	100x	as long as short
Binance XPTUSDT	+0.0765%	4h	1,795.3	+0.027%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0765%	4h	1,793.8	−0.058%	$39K	$283K	10x	as long as short
Lighter XPTshort	+0.0768%	1h	1,797	+0.122%	$355K	$15K	20x
BloFin XPT-USDT	+0.0770%	4h	1,795.9	+0.061%	$89K	$67K	100x	as long as short
Bitget XPTUSDT	+0.0874%	4h	1,793.6	−0.066%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0928%	8h	1,796.7	+0.105%	$937K	$562K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1164%	4h	1,795.1	+0.017%	$205K	$823K	25x	as long as short