Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h −0.064%

Price spread now: Aster against Lighter−0.062%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 Aster

What this pair did over the last

the charts below follow

Funding, last 6 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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.062% cheaper against Lighter than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,784.6	0.0312	pay 0.0039% / 1h	51m 17s	$355K	$24K	20x
Short	Aster XPTUSDT	1,783.5	0.0704	get 0.0352% / 4h	51m 17s	$15K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.062%Rate

Funding earned: $82.32
Price spread: −0.062% → 0.000%: −$6.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $68.1
Costs to cover: 0.080%
Break-even: 1.2 days

Slippage unknown: Lighter: live order book, 43 min ago; Aster: 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, 43 min ago	2.24 bp	13.6 bp −$14	30.5 bp −$305	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

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	1,784.3	−0.017%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,781.7	−0.163%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,781.4	−0.179%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,781.8	−0.157%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,782.8	−0.101%	$13K	$29K	10x	as long as short
KuCoin XPTUSDTM	+0.0148%	4h	1,783.8	−0.043%	$238K	$42K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.4	+1.055%	$6K	$34K	52x	as long as short
Lighter XPTlong	+0.0312%	1h	1,784.6	long leg	$355K	$24K	20x
Paradex XPT-USD-PERP	+0.0356%	8h	1,784.7	+0.004%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0464%	1h	1,784	−0.032%	$303	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XPT_USDT	+0.0634%	4h	1,785	+0.022%	$699K	$541K	100x	as long as short
Extended XPT-USD	+0.0648%	1h	1,781.7	−0.164%	$160K	$699K	10x	as long as short
Aster XPTUSDTshort	+0.0704%	4h	1,783.5	−0.062%	$15K	$10K	20x
Variational Omni XPT	+0.0772%	4h	1,785	+0.021%	$264K	$183K	—	as long as short
Binance XPTUSDT	+0.0774%	4h	1,783.6	−0.057%	$4.6M	$5.0M	100x	as long as short
MEXC XPT_USDT	+0.0790%	4h	1,783.5	−0.062%	$23.3M	$650K	100x	as long as short
BloFin XPT-USDT	+0.0797%	4h	1,784.5	−0.004%	$96K	$69K	100x	as long as short
edgeX XPTUSDC	+0.0814%	4h	1,784.7	+0.007%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.0828%	4h	1,783.1	−0.082%	$1.4M	$500K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0936%	4h	1,785.7	+0.061%	$205K	$774K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1155%	8h	1,784.5	−0.006%	$1.0M	$748K	50x	as long as short