Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.016%
Price spread now: Lighter against KuCoin+0.162%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1781.777% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.162%, 7d avg +0.025%
=Together, before fees−0.162%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.137% dearer against KuCoin than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of +0.025%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−0.061% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XPDUSDTM | 1,295 | 0.0100 | pay 0.0050% / 4h | 32m 50s | $168K | $7K | 75x |
| Short | Lighter XPD | 1,297.1 | 0.0032 | get 0.0004% / 1h | 32m 50s | $399K | $160K | 20x |
KuCoin XPDUSDTM
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: +0.162% → +0.025%
- $13.73
- Slippage, 4 orders
- −$165.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$178.22
- Costs to cover
- 1.777%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 68 min ago; Lighter: live order book, 62 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 KuCoin live order book, 68 min ago | 25.15 bp | 75.3 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 62 min ago | 1.93 bp | 27.3 bp −$27 | 55.4 bp −$554 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX XPDUSDC | −0.0014% | 4h | 1,299 | +0.307% | $37K | $205K | 10x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,296.8 | +0.141% | $3.7M | $4.9M | 100x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,296.7 | +0.129% | $2.0M | $473K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,296.5 | +0.117% | $13.1M | $270K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,298.2 | +0.246% | $535K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,294.7 | −0.021% | — | $1.7M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,297.2 | +0.168% | $10K | $35K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,294.3 | −0.052% | — | — | — | as long as short |
| BloFin XPD-USDT | +0.0029% | 4h | 1,297.7 | +0.208% | $30K | $20K | 100x | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,297.1 | +0.162% | $399K | $160K | 20x |
edgeX XPDUSDC
Binance XPDUSDT
Gate XPD_USDT
MEXC XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.919% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,294.1 | −0.069% | $2.7M | $480K | 20x | as long as short |
| KuCoin XPDUSDTMlong | +0.0100% | 4h | 1,295 | long leg | $168K | $7K | 75x | |
| Aster XPDUSDT | +0.0234% | 4h | 1,295.5 | +0.037% | $27K | $6K | 20x | as long as short |
| OKX XPD-USDT-SWAP | +0.0235% | 8h | 1,296.3 | +0.100% | $322K | $481K | 50x | as long as short |
| Bitget XPDUSDT | +0.0428% | 4h | 1,296.2 | +0.093% | $5.0M | $250K | 100x | as long as short |
| GRVT XPD_USDT_Perp | +0.0720% | 4h | 1,298.6 | +0.276% | $337K | $675K | 25x | as long as short |
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
Aster XPDUSDT
OKX XPD-USDT-SWAP
Bitget XPDUSDT
GRVT XPD_USDT_Perp