Funding you earn now, next payment 06:00 UTC−0.0504%/8h= −55.2% APRpaid last 24h −0.003%
Price spread now: Lighter against Bitget+0.168%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.168%, 7d avg +0.045%
=Together, before fees−0.202%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.124% dearer against Bitget than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.045%): +$12 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.087% in total) that is about 10.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% 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 | Bitget XPDUSDT | 1,299.7 | 0.0536 | pay 0.0268% / 4h | 2h 48m | $5.0M | $242K | 100x |
| Short | Lighter XPD | 1,301.9 | 0.0032 | get 0.0004% / 1h | 48m 09s | $402K | $160K | 20x |
Bitget XPDUSDT
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$105.84
- Price spread: +0.168% → +0.045%
- $12.39
- Slippage, 4 orders
- −$61.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$166.88
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 57 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 Bitget live order book, 5 min ago | 5.46 bp | 17.8 bp −$18 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 57 min ago | 1.15 bp | 22.6 bp −$23 | 50.7 bp −$507 | doesn't fit | doesn't fit |
XPD on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XPD-USDT | 0.0000% | 4h | 1,299.2 | −0.039% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,299.8 | +0.008% | — | — | — | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,301.9 | +0.168% | $402K | $160K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.546% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,299.2 | −0.039% | $2.7M | $472K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,300.7 | +0.076% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0124% | 4h | 1,301.8 | +0.158% | $2.0M | $470K | 100x | as long as short |
| Variational Omni XPD | +0.0228% | 4h | 1,301.3 | +0.119% | $537K | $24K | — | as long as short |
| OKX XPD-USDT-SWAP | +0.0319% | 8h | 1,301.5 | +0.138% | $322K | $473K | 50x | as long as short |
| edgeX XPDUSDC | +0.0344% | 4h | 1,300.2 | +0.038% | $37K | $205K | 10x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
KuCoin XPDUSDTM
Gate XPD_USDT
Variational Omni XPD
OKX XPD-USDT-SWAP
edgeX XPDUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XPD_USDT | +0.0362% | 4h | 1,299.5 | −0.018% | $13.1M | $268K | 100x | as long as short |
| Binance XPDUSDT | +0.0364% | 4h | 1,301.6 | +0.144% | $3.8M | $4.7M | 100x | as long as short |
| BloFin XPD-USDT | +0.0374% | 4h | 1,301.8 | +0.158% | $30K | $20K | 100x | as long as short |
| HTX XPD-USDT | +0.0435% | 4h | 1,301.1 | +0.108% | $10K | $34K | 20x | as long as short |
| Bitget XPDUSDTlong | +0.0536% | 4h | 1,299.7 | long leg | $5.0M | $242K | 100x | |
| Aster XPDUSDT | +0.0610% | 4h | 1,300.4 | +0.055% | $27K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1246% | 4h | 1,301.2 | +0.118% | $336K | $718K | 25x | as long as short |
MEXC XPD_USDT
Binance XPDUSDT
BloFin XPD-USDT
HTX XPD-USDT
Aster XPDUSDT
GRVT XPD_USDT_Perp