Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h +0.076%

Price spread now: Lighter against Gate+0.036%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.036%, 7d avg +0.032%

Together, before fees+0.327%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.387%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XPT_USDT	1,788	0.0814	pay 0.0407% / 4h	1h 52m	$719K	$534K	100x
Short	Lighter XPT	1,788.6	0.0688	get 0.0086% / 1h	52m 03s	$354K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$26.46
Price spread: +0.036% → +0.032%: $0.43
Slippage, 4 orders: −$35.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$76.3
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; Lighter: live order book, 47 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 Gate live order book, 54 min ago	0.03 bp	11.8 bp −$12	36.1 bp −$361	doesn't fit	doesn't fit
Sell Lighter live order book, 47 min ago	1.95 bp	7.8 bp −$8	30.3 bp −$303	doesn't fit	doesn't fit

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,789.5	+0.086%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,783.9	−0.226%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,784.5	−0.194%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,785	−0.166%	$13K	$31K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0120%	1h	1,784.9	−0.171%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,809.9	+1.227%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,787.1	−0.046%	$304	—	10x	as long as short
KuCoin XPTUSDTM	+0.0562%	4h	1,786.6	−0.078%	$239K	$42K	75x	as long as short
Paradex XPT-USD-PERP	+0.0620%	8h	1,787.3	−0.037%	$3K	—	5x	as long as short
Extended XPT-USD	+0.0672%	1h	1,783.9	−0.229%	$202K	$630K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPTshort	+0.0688%	1h	1,788.6	+0.036%	$354K	$18K	20x
Gate XPT_USDTlong	+0.0814%	4h	1,788	long leg	$719K	$534K	100x
Aster XPTUSDT	+0.1112%	4h	1,786.7	−0.072%	$15K	$9K	20x	as long as short
Variational Omni XPT	+0.1144%	4h	1,790.7	+0.151%	$261K	$196K	—	as long as short
Binance XPTUSDT	+0.1179%	4h	1,786.7	−0.073%	$4.5M	$4.7M	100x	as long as short
MEXC XPT_USDT	+0.1184%	4h	1,786.3	−0.092%	$23.4M	$631K	100x	as long as short
BloFin XPT-USDT	+0.1189%	4h	1,789.5	+0.084%	$94K	$69K	100x	as long as short
edgeX XPTUSDC	+0.1189%	4h	1,790.5	+0.142%	$39K	$281K	10x	as long as short
Bitget XPTUSDT	+0.1204%	4h	1,786.5	−0.084%	$1.4M	$511K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1307%	8h	1,786.8	−0.065%	$994K	$704K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1320%	4h	1,789	+0.061%	$206K	$802K	25x	as long as short