Funding you earn now, next payment 06:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h −0.014%
Price spread now: Binance against Lighter−0.029%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.029%, 7d avg +0.002%
=Together, before fees+0.114%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.031% cheaper against Lighter than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.002%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% 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 | Lighter XPD | 1,302.4 | 0.0032 | pay 0.0004% / 1h | 45m 11s | $402K | $160K | 20x |
| Short | Binance XPDUSDT | 1,302 | 0.0372 | get 0.0186% / 4h | 2h 45m | $3.8M | $4.7M | 100x |
Lighter XPD
Binance XPDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $71.43
- Price spread: −0.029% → +0.002%
- −$3.11
- Slippage, 4 orders
- −$59.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1.04
- Costs to cover
- 0.694%
- Break-even
- 7.1 days
Slippage from Lighter: live order book, 59 min ago; Binance: live order book, 7 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 Lighter live order book, 59 min ago | 1.15 bp | 18.2 bp −$18 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.46 bp | 16.1 bp −$16 | 38.9 bp −$389 | 165.4 bp −$16.5K | 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 | 1,299.4 | −0.231% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,299.7 | −0.205% | — | — | — | as long as short |
| Lighter XPDlong | +0.0032% | 1h | 1,302.4 | long leg | $402K | $160K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.334% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,299.5 | −0.223% | $2.7M | $472K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,300.5 | −0.143% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0130% | 4h | 1,301.9 | −0.041% | $2.0M | $471K | 100x | as long as short |
| Variational Omni XPD | +0.0240% | 4h | 1,301.5 | −0.068% | $537K | $24K | — | as long as short |
| OKX XPD-USDT-SWAP | +0.0329% | 8h | 1,301.5 | −0.069% | $322K | $473K | 50x | as long as short |
| BloFin XPD-USDT | +0.0335% | 4h | 1,301.7 | −0.058% | $30K | $20K | 100x | 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
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX XPDUSDC | +0.0360% | 4h | 1,301.6 | −0.059% | $37K | $206K | 10x | as long as short |
| MEXC XPD_USDT | +0.0370% | 4h | 1,300 | −0.188% | $13.1M | $268K | 100x | as long as short |
| Binance XPDUSDTshort | +0.0372% | 4h | 1,302 | −0.029% | $3.8M | $4.7M | 100x | |
| HTX XPD-USDT | +0.0434% | 4h | 1,301.6 | −0.063% | $10K | $34K | 20x | as long as short |
| Bitget XPDUSDT | +0.0544% | 4h | 1,299.8 | −0.199% | $5.0M | $242K | 100x | as long as short |
| Aster XPDUSDT | +0.0633% | 4h | 1,300.6 | −0.135% | $27K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1228% | 4h | 1,301.4 | −0.075% | $336K | $718K | 25x | as long as short |
edgeX XPDUSDC
MEXC XPD_USDT
HTX XPD-USDT
Bitget XPDUSDT
Aster XPDUSDT
GRVT XPD_USDT_Perp