Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.014%

Price spread now: Lighter against Gate+0.070%7-day average −0.008% · 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−$82as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.070%, 7d avg −0.008%

Together, before fees−0.047%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.078% dearer against Gate than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.008%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPD_USDT	1,299.6	0.0100	pay 0.0050% / 4h	3h 06m	$2.0M	$477K	100x
Short	Lighter XPD	1,300.5	0.0032	get 0.0004% / 1h	6m 16s	$401K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$14.28
Price spread: +0.070% → −0.008%: $7.84
Slippage, 4 orders: −$74.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$96.3
Costs to cover: 0.899%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 38 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 Gate live order book, 1 min ago	0.35 bp	26.6 bp −$27	151.8 bp −$1,518	doesn't fit	doesn't fit
Sell Lighter live order book, 38 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	1,296.8	−0.212%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,297.8	−0.137%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,300.5	+0.070%	$401K	$160K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.555%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,297.5	−0.161%	$2.7M	$470K	20x	as long as short
Gate XPD_USDTlong	+0.0100%	4h	1,299.6	long leg	$2.0M	$477K	100x
KuCoin XPDUSDTM	+0.0100%	4h	1,300	+0.028%	$169K	$6K	75x	as long as short
Variational Omni XPD	+0.0136%	4h	1,299.6	+0.004%	$536K	$24K	—	as long as short
OKX XPD-USDT-SWAP	+0.0268%	8h	1,299.2	−0.030%	$321K	$471K	50x	as long as short
edgeX XPDUSDC	+0.0269%	4h	1,299.5	−0.007%	$37K	$205K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0290%	4h	1,298.6	−0.080%	$13.1M	$271K	100x	as long as short
BloFin XPD-USDT	+0.0292%	4h	1,299.7	+0.006%	$30K	$20K	100x	as long as short
Binance XPDUSDT	+0.0296%	4h	1,299.7	+0.008%	$3.8M	$4.7M	100x	as long as short
Bitget XPDUSDT	+0.0472%	4h	1,298.9	−0.050%	$5.0M	$241K	100x	as long as short
HTX XPD-USDT	+0.0500%	4h	1,299.2	−0.028%	$10K	$34K	20x	as long as short
Aster XPDUSDT	+0.0505%	4h	1,298.9	−0.054%	$26K	$5K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1294%	4h	1,299.3	−0.025%	$338K	$715K	25x	as long as short