Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0351%/8h= −38.4% APRpaid last 24h +0.011%

Price spread now: Lighter against BloFin+0.011%60s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XPD-USDT	1,301.8	0.0383	pay 0.0191% / 4h	2h 45m	$30K	$20K	100x
Short	Lighter XPD	1,301.9	0.0032	get 0.0004% / 1h	45m 54s	$402K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$73.61
Price spread: +0.011% → 0.000%: $1.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$84.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Lighter: live order book, 59 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 BloFin no order-book sample	—	—	—	—	—
Sell Lighter live order book, 59 min ago	1.15 bp	22.6 bp −$23	50.7 bp −$507	doesn't fit	doesn't fit

BloFin: 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.

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	1,299.1	−0.204%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,299.6	−0.168%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,301.9	+0.011%	$402K	$160K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.384%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,298.9	−0.220%	$2.7M	$472K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,300.5	−0.096%	$169K	$6K	75x	as long as short
Gate XPD_USDT	+0.0128%	4h	1,301.6	−0.012%	$2.0M	$471K	100x	as long as short
Variational Omni XPD	+0.0240%	4h	1,301.5	−0.019%	$537K	$24K	—	as long as short
OKX XPD-USDT-SWAP	+0.0326%	8h	1,301.5	−0.020%	$322K	$473K	50x	as long as short
MEXC XPD_USDT	+0.0364%	4h	1,300.1	−0.128%	$13.1M	$268K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0370%	4h	1,302.1	+0.022%	$3.8M	$4.7M	100x	as long as short
edgeX XPDUSDC	+0.0379%	4h	1,301.3	−0.038%	$37K	$206K	10x	as long as short
BloFin XPD-USDTlong	+0.0383%	4h	1,301.8	long leg	$30K	$20K	100x
HTX XPD-USDT	+0.0434%	4h	1,301.6	−0.014%	$10K	$34K	20x	as long as short
Bitget XPDUSDT	+0.0540%	4h	1,299.4	−0.178%	$5.0M	$242K	100x	as long as short
Aster XPDUSDT	+0.0623%	4h	1,300.7	−0.082%	$27K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1246%	4h	1,301.2	−0.039%	$336K	$718K	25x	as long as short