Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.011%

Price spread now: BloFin against Lighter−0.010%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on BloFin

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,299.5	0.0032	pay 0.0004% / 1h	40m 28s	$401K	$158K	20x
Short	BloFin XPD-USDT	1,299.4	0.0095	get 0.0047% / 4h	3h 40m	$30K	$20K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $13.2
Price spread: −0.010% → 0.000%: −$1
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.2
Costs to cover: 0.120%
Break-even: 6.9 days

Slippage unknown: Lighter: live order book, 4 min ago; BloFin: no order-book sample. 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 Lighter live order book, 4 min ago	1.15 bp	18.2 bp −$18	40.8 bp −$408	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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
Variational Omni XPD	0.0000%	4h	1,299	−0.039%	$535K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,296.3	−0.247%	—	$1.8M	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,296.8	−0.205%	—	—	—	as long as short
Lighter XPDlong	+0.0032%	1h	1,299.5	long leg	$401K	$158K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+2.563%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,296.5	−0.231%	$2.7M	$492K	20x	as long as short
edgeX XPDUSDC	+0.0081%	4h	1,299.4	−0.004%	$37K	$205K	10x	as long as short
MEXC XPD_USDT	+0.0092%	4h	1,298.3	−0.092%	$13.1M	$269K	100x	as long as short
BloFin XPD-USDTshort	+0.0095%	4h	1,299.4	−0.010%	$30K	$20K	100x
KuCoin XPDUSDTM	+0.0100%	4h	1,299.2	−0.020%	$169K	$5K	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0102%	4h	1,299.2	−0.022%	$3.8M	$4.7M	100x	as long as short
OKX XPD-USDT-SWAP	+0.0155%	8h	1,299.2	−0.023%	$321K	$472K	50x	as long as short
Gate XPD_USDT	+0.0172%	4h	1,299.1	−0.031%	$2.0M	$471K	100x	as long as short
Aster XPDUSDT	+0.0263%	4h	1,297.8	−0.129%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0308%	4h	1,298.5	−0.079%	$5.0M	$240K	100x	as long as short
HTX XPD-USDT	+0.0530%	4h	1,299.5	−0.002%	$9K	$34K	20x	as long as short
GRVT XPD_USDT_Perp	+0.1292%	4h	1,299.2	−0.023%	$338K	$720K	25x	as long as short