Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.017%

Price spread now: Lighter against edgeX−0.006%79s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.625% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.006%, 7d avg +0.011%

Together, before fees+0.088%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 79 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	edgeX XPDUSDC	1,315.2	0.0020	pay 0.0010% / 4h	3h 23m	$38K	$205K	10x
Short	Lighter XPD	1,315.1	0.0032	get 0.0004% / 1h	23m 54s	$405K	$154K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: $2.59
Price spread: −0.006% → +0.011%: −$1.67
Slippage, 4 orders: −$53.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.59
Costs to cover: 0.625%
Break-even: 173.6 days

Slippage from edgeX: live order book, 48 min ago; Lighter: live order book, 41 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 edgeX live order book, 48 min ago	8.13 bp	13.6 bp −$14	125.9 bp −$1,259	doesn't fit	doesn't fit
Sell Lighter live order book, 41 min ago	1.89 bp	22.0 bp −$22	46.6 bp −$466	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
BloFin XPD-USDT	−0.0018%	4h	1,315	−0.013%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,314.6	−0.044%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,313.7	−0.113%	$2.0M	$436K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.3	−0.064%	$13.2M	$339K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.5	−0.048%	$544K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,312.8	−0.183%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,314.2	−0.076%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.8	−0.180%	—	—	—	as long as short
edgeX XPDUSDClong	+0.0020%	4h	1,315.2	long leg	$38K	$205K	10x
Bitget XPDUSDT	+0.0022%	4h	1,313.7	−0.115%	$5.0M	$222K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPDUSDT	+0.0027%	4h	1,313.5	−0.130%	$27K	$12K	20x	as long as short
Lighter XPDshort	+0.0032%	1h	1,315.1	−0.006%	$405K	$154K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.340%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,311.9	−0.249%	$2.7M	$517K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.4	−0.060%	$171K	$5K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0116%	8h	1,313.9	−0.097%	$324K	$477K	50x	as long as short
GRVT XPD_USDT_Perp	+0.0698%	4h	1,314.4	−0.057%	$340K	$881K	25x	as long as short