Funding you earn now, next payment 09:00 UTC+0.0370%/8h= +40.5% APRnext payment +$0.46 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against tradeXYZ+0.210%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as 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)−0.080%−$8 · spread now +0.210%, 7d avg +0.130%
=Together, before fees−0.135%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.081% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.130%. Mind the row above: over the last 7 days funding on this pair cost −0.055%, 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 -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 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 | tradeXYZ xyz:PALLADIUM | 1,283.3 | −0.0338 | get 0.0042% / 1h | 33m 52s | $2.6M | $565K | 20x |
| Short | Lighter XPD | 1,286 | 0.0032 | get 0.0004% / 1h | 33m 52s | $395K | $161K | 20x |
tradeXYZ xyz:PALLADIUM
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $77.68
- Price spread: +0.210% → +0.130%
- $8.09
- Slippage, 4 orders
- −$33.27
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $34.49
- Costs to cover
- 0.513%
- Break-even
- 3.9 days
Slippage from tradeXYZ: live order book, 3 min ago; Lighter: live order book, 56 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 tradeXYZ live order book, 3 min ago | 1.56 bp | 11.3 bp −$11 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 56 min ago | 9.65 bp | 9.7 bp −$10 | 37.6 bp −$376 | 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:PALLADIUMlong | −0.0338% | 1h | 1,283.3 | long leg | $2.6M | $565K | 20x | |
| BloFin XPD-USDT | −0.0031% | 4h | 1,287.9 | +0.355% | $32K | $21K | 100x | as long as short |
| Aster XPDUSDT | 0.0000% | 4h | 1,286.8 | +0.271% | $27K | $6K | 20x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,286.7 | +0.263% | $3.6M | $5.1M | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,287.3 | +0.315% | $2.0M | $479K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,286.8 | +0.274% | $12.9M | $337K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,287.6 | +0.337% | $523K | $32K | — | as long as short |
| GRVT XPD_USDT_Perp | 0.0000% | 4h | 1,287.5 | +0.330% | $334K | $637K | 25x | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,287.6 | +0.332% | — | $1.6M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,286.7 | +0.264% | $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 | +0.147% | — | — | — | as long as short |
| edgeX XPDUSDC | +0.0012% | 4h | 1,287.7 | +0.339% | $37K | $205K | 10x | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,286 | +0.210% | $395K | $161K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +3.857% | $16K | $20K | 52x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,286.7 | +0.261% | $167K | $7K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0103% | 8h | 1,286 | +0.210% | $338K | $511K | 50x | as long as short |
| Bitget XPDUSDT | +0.0200% | 4h | 1,285.7 | +0.188% | $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