Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.012%

Price spread now: OKX against Lighter−0.011%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.011%, 7d avg −0.016%

Together, before fees−0.155%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,799.5	0.0976	pay 0.0122% / 1h	10m 00s	$356K	$16K	20x
Short	OKX XPT-USDT-SWAP	1,799.3	0.1029	get 0.1029% / 8h	4h 10m	$942K	$615K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $11.08
Price spread: −0.011% → −0.016%: $0.48
Slippage, 4 orders: −$33.73
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.17
Costs to cover: 0.437%
Break-even: 27.3 days

Slippage from Lighter: live order book, 39 min ago; OKX: live order book, 46 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, 39 min ago	1.39 bp	12.0 bp −$12	28.5 bp −$285	doesn't fit	doesn't fit
Sell OKX live order book, 46 min ago	0.28 bp	11.7 bp −$12	27.3 bp −$273	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	1,797	−0.137%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,792.7	−0.376%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.4	−0.339%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,792.1	−0.411%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0208%	1h	1,798.4	−0.062%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,818	+1.026%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0465%	1h	1,796.4	−0.172%	$3.6M	$999K	20x	as long as short
Gate XPT_USDT	+0.0508%	4h	1,799.3	−0.011%	$734K	$505K	100x	as long as short
KuCoin XPTUSDTM	+0.0746%	4h	1,797.3	−0.122%	$249K	$40K	75x	as long as short
Paradex XPT-USD-PERP	+0.0847%	8h	1,797.7	−0.103%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0851%	4h	1,796.8	−0.149%	$279K	$206K	—	as long as short
Aster XPTUSDT	+0.0853%	4h	1,798	−0.083%	$14K	$9K	20x	as long as short
edgeX XPTUSDC	+0.0856%	4h	1,797.1	−0.131%	$39K	$283K	10x	as long as short
MEXC XPT_USDT	+0.0910%	4h	1,795.9	−0.203%	$23.6M	$646K	100x	as long as short
Binance XPTUSDT	+0.0920%	4h	1,798.4	−0.062%	$4.5M	$4.3M	100x	as long as short
Extended XPT-USD	+0.0960%	1h	1,792.6	−0.383%	$207K	$611K	10x	as long as short
BloFin XPT-USDT	+0.0964%	4h	1,797.3	−0.123%	$89K	$68K	100x	as long as short
Lighter XPTlong	+0.0976%	1h	1,799.5	long leg	$356K	$16K	20x
Bitget XPTUSDT	+0.1024%	4h	1,796.7	−0.158%	$1.3M	$453K	100x	as long as short
OKX XPT-USDT-SWAPshort	+0.1029%	8h	1,799.3	−0.011%	$942K	$615K	50x
GRVT XPT_USDT_Perp	+0.1252%	4h	1,796.6	−0.162%	$204K	$813K	25x	as long as short