Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.017%

Price spread now: edgeX against Lighter+0.130%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on Lighter Short on edgeX

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)−0.170%−$17 · spread now +0.130%, 7d avg −0.011%

Together, before fees−0.212%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.141% dearer against Lighter than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of −0.011%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,314.5	0.0032	pay 0.0004% / 1h	57m 12s	$405K	$154K	20x
Short	edgeX XPDUSDC	1,316.2	0.0006	get 0.0003% / 4h	2h 57m	$38K	$206K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$5.38
Price spread: +0.130% → −0.011%: $14.1
Slippage, 4 orders: −$65.73
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$66.02
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; edgeX: live order book, 10 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, 3 min ago	4.94 bp	23.7 bp −$24	45.3 bp −$453	doesn't fit	doesn't fit
Sell edgeX live order book, 10 min ago	7.99 bp	15.4 bp −$15	130.9 bp −$1,309	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	−0.0049%	4h	1,314.6	+0.009%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,315.2	+0.054%	$3.8M	$4.4M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,314.7	+0.017%	$2.0M	$426K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,314.3	−0.016%	$13.2M	$332K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,316.2	+0.127%	$545K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,312.7	−0.137%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,317.2	+0.205%	$10K	$33K	20x	as long as short
edgeX XPDUSDCshort	+0.0006%	4h	1,316.2	+0.130%	$38K	$206K	10x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.3	−0.169%	—	—	—	as long as short
Aster XPDUSDT	+0.0014%	4h	1,313.1	−0.108%	$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 XPDlong	+0.0032%	1h	1,314.5	long leg	$405K	$154K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.392%	$16K	$20K	52x	as long as short
Bitget XPDUSDT	+0.0038%	4h	1,314.7	+0.017%	$5.0M	$221K	100x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,312.6	−0.145%	$2.7M	$515K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0096%	8h	1,314.8	+0.023%	$320K	$464K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,312.9	−0.123%	$171K	$5K	75x	as long as short
GRVT XPD_USDT_Perp	+0.0506%	4h	1,316.2	+0.127%	$341K	$849K	25x	as long as short