Funding you earn now, next payment 09:00 UTC−0.0372%/8h= −40.8% APRnext payment −$0.47 per $10,000 · paid last 24h −0.006%
Price spread now: tradeXYZ against Lighter−0.086%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.086%, 7d avg −0.130%
=Together, before fees+0.010%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.044% dearer against Lighter than usual: you sell high and buy low (spread −0.086% now, against its 7-day average of −0.130%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 per $10,000. 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 | 1,286 | 0.0032 | pay 0.0004% / 1h | 34m 04s | $395K | $161K | 20x |
| Short | tradeXYZ xyz:PALLADIUM | 1,284.9 | −0.0340 | pay 0.0043% / 1h | 34m 04s | $2.6M | $565K | 20x |
Lighter XPD
tradeXYZ xyz:PALLADIUMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$78.2
- Price spread: −0.086% → −0.130%
- $4.4
- Slippage, 4 orders
- −$33.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$125.07
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 55 min ago; tradeXYZ: live order book, 3 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, 55 min ago | 9.65 bp | 17.2 bp −$17 | 33.3 bp −$333 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.56 bp | 13.1 bp −$13 | 24.3 bp −$243 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:PALLADIUMshort | −0.0340% | 1h | 1,284.9 | −0.086% | $2.6M | $565K | 20x | |
| BloFin XPD-USDT | −0.0031% | 4h | 1,287.9 | +0.144% | $32K | $21K | 100x | as long as short |
| Aster XPDUSDT | 0.0000% | 4h | 1,287.2 | +0.091% | $27K | $6K | 20x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,287.2 | +0.096% | $3.6M | $5.1M | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,287.8 | +0.140% | $2.0M | $479K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,287 | +0.079% | $12.9M | $337K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,287.6 | +0.126% | $523K | $32K | — | as long as short |
| GRVT XPD_USDT_Perp | 0.0000% | 4h | 1,287.5 | +0.120% | $334K | $637K | 25x | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,287.6 | +0.121% | — | $1.6M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,286.7 | +0.054% | $10K | $35K | 20x | as long as short |
BloFin XPD-USDT
Aster XPDUSDT
Binance XPDUSDT
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
GRVT XPD_USDT_Perp
SunX XPD-USDT
HTX XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,285.2 | −0.063% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0012% | 4h | 1,287.7 | +0.129% | $37K | $205K | 10x | as long as short |
| Lighter XPDlong | +0.0032% | 1h | 1,286 | long leg | $395K | $161K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +3.639% | $16K | $20K | 52x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,286.7 | +0.056% | $167K | $7K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0103% | 8h | 1,287.9 | +0.148% | $338K | $511K | 50x | as long as short |
| Bitget XPDUSDT | +0.0200% | 4h | 1,286.8 | +0.058% | $5.0M | $261K | 100x | as long as short |
gTrade (Gains Network) XPD/USD
edgeX XPDUSDC
Injective XPD/USDC PERP
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
Bitget XPDUSDT