Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter against HTX−0.022%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding pays, the price is against you. Lighter is 0.022% cheaper against HTX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPD-USDT	1,317.2	0	get 0.0000% / 4h	2h 58m	$10K	$33K	20x
Short	Lighter XPD	1,316.9	0.0032	get 0.0004% / 1h	58m 25s	$406K	$154K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $6.72
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.48
Costs to cover: 0.120%
Break-even: 14.8 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 1 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 1 min ago	4.94 bp	22.3 bp −$22	48.6 bp −$486	doesn't fit	doesn't fit

HTX: 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
edgeX XPDUSDC	−0.0020%	4h	1,316.5	−0.053%	$38K	$206K	10x	as long as short
BloFin XPD-USDT	−0.0010%	4h	1,317.4	+0.017%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,316.1	−0.083%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,316.1	−0.084%	$2.0M	$425K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,315.9	−0.099%	$13.2M	$331K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.2	−0.077%	$545K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,315	−0.170%	—	$1.9M	10x	as long as short
HTX XPD-USDTlong	0.0000%	4h	1,317.2	long leg	$10K	$33K	20x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314	−0.244%	—	—	—	as long as short
Aster XPDUSDT	+0.0017%	4h	1,315.3	−0.142%	$27K	$12K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPDshort	+0.0032%	1h	1,316.9	−0.022%	$406K	$154K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.185%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0036%	4h	1,315.7	−0.111%	$5.0M	$220K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,313.8	−0.257%	$2.7M	$515K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0095%	8h	1,315.7	−0.113%	$320K	$476K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314.6	−0.198%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0516%	4h	1,316.4	−0.058%	$341K	$849K	25x	as long as short