Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: Lighter against HTX+0.078%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.078% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPD-USDT	1,314.6	0	get 0.0000% / 4h	1h 23m	$10K	$33K	20x
Short	Lighter XPD	1,315.6	0.0032	get 0.0004% / 1h	23m 47s	$401K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.078%Rate

Funding earned: $6.72
Price spread: +0.078% → 0.000%: $7.84
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.56
Costs to cover: 0.120%
Break-even: 4.3 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 51 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 51 min ago	10.28 bp	23.3 bp −$23	43.5 bp −$435	doesn't fit	doesn't fit

HTX: 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.

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
Gate XPD_USDT	0.0000%	4h	1,314.6	0.000%	$1.9M	$412K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,314.4	−0.011%	$541K	$14K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,314	−0.040%	—	$1.9M	10x	as long as short
HTX XPD-USDTlong	0.0000%	4h	1,314.6	long leg	$10K	$33K	20x
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,312.4	−0.169%	—	—	—	as long as short
Lighter XPDshort	+0.0032%	1h	1,315.6	+0.078%	$401K	$147K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.387%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0038%	1h	1,312.8	−0.135%	$2.7M	$484K	20x	as long as short
Binance XPDUSDT	+0.0087%	4h	1,314.7	+0.012%	$3.8M	$4.2M	100x	as long as short
MEXC XPD_USDT	+0.0088%	4h	1,314.8	+0.015%	$13.2M	$339K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XPD-USDT	+0.0090%	4h	1,314.3	−0.017%	$30K	$19K	100x	as long as short
edgeX XPDUSDC	+0.0093%	4h	1,314.6	+0.006%	$38K	$205K	10x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,313.7	−0.068%	$172K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0163%	8h	1,314.6	+0.002%	$321K	$484K	50x	as long as short
Bitget XPDUSDT	+0.0204%	4h	1,314.1	−0.039%	$5.0M	$219K	100x	as long as short
Aster XPDUSDT	+0.0233%	4h	1,314.1	−0.032%	$27K	$12K	20x	as long as short
GRVT XPD_USDT_Perp	+0.0566%	4h	1,314.4	−0.012%	$337K	$1.0M	25x	as long as short