Settings8H · net · $10k
Funding arb · Price arb /

XPT

RWAall XPT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0456%/8h= +50.0% APRpaid last 24h −0.071%
Price spread now: Variational Omni against Lighter+0.183%7-day average −0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.130%−$13 on $10k
Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.183%, 7d avg −0.063%
Together, before fees−0.350%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Variational Omni is 0.246% dearer against Lighter than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 4 days funding on this pair cost −0.130%, 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 4 days it paid -0.130% in total (about -13.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XPT1,787.40.0688pay 0.0086% / 1h50m 59s$353K$18K20x
ShortVariational Omni XPT1,790.70.1144get 0.0572% / 4h1h 50m$261K$196K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$95.86
Price spread: +0.183% → −0.063%
$24.62
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$120.48
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Lighter: live order book, 48 min ago; Variational Omni: RFQ quote, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 48 min ago1.95 bp12.0 bp −$1228.0 bp −$280doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 58 min ago2.89 bpdoesn't fit25.0 bp −$250doesn't fitdoesn't fit

XPT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX XPT-USDT0.0000%4h1,789.5+0.117%$11K$38K30xas long as short
gTrade (Gains Network) XPT/USDL +0.0006% / S −0.0006%1h1,783−0.246%$229150xas long as short
Vest PL-PERP+0.0046%1h1,783.2−0.235%$5025xas long as short
Pacifica PLATINUM+0.0100%1h1,783.6−0.214%$13K$31K10xas long as short
tradeXYZ xyz:PLATINUM+0.0127%1h1,784.1−0.185%$3.6M$1.1M20xas long as short
Injective XPT/USDC PERP+0.0220%1h1,809.9+1.258%$6K$34K52xas long as short
Aevo PLATINUM-PERP+0.0536%1h1,786.5−0.049%$30410xas long as short
KuCoin XPTUSDTM+0.0558%4h1,785.8−0.090%$246K$42K75xas long as short
Paradex XPT-USD-PERP+0.0613%8h1,786.1−0.073%$3K5xas long as short
Extended XPT-USD+0.0664%1h1,783.3−0.229%$202K$630K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XPTlong+0.0688%1h1,787.4long leg$353K$18K20x
Gate XPT_USDT+0.0808%4h1,787.5+0.003%$717K$535K100xas long as short
Aster XPTUSDT+0.1104%4h1,786.2−0.069%$15K$9K20xas long as short
Variational Omni XPTshort+0.1144%4h1,790.7+0.183%$261K$196K
Binance XPTUSDT+0.1171%4h1,786.3−0.060%$4.5M$4.7M100xas long as short
MEXC XPT_USDT+0.1178%4h1,785.6−0.098%$23.3M$632K100xas long as short
BloFin XPT-USDT+0.1186%4h1,786.1−0.073%$94K$69K100xas long as short
Bitget XPTUSDT+0.1198%4h1,785.6−0.100%$1.4M$512K100xas long as short
edgeX XPTUSDC+0.1210%4h1,789.4+0.109%$39K$281K10xas long as short
GRVT XPT_USDT_Perp+0.1304%4h1,788.4+0.056%$205K$802K25xas long as short
OKX XPT-USDT-SWAP+0.1305%8h1,786.7−0.039%$1.0M$723K50xas long as short