Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.018%

Price spread now: Aster against Lighter−0.093%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 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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.093% cheaper against Lighter than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 24 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,316.4	0.0032	pay 0.0004% / 1h	44m 35s	$401K	$147K	20x
Short	Aster XPDUSDT	1,315.2	0.0338	get 0.0169% / 4h	1h 44m	$27K	$12K	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 −0.093%Rate

Funding earned: $64.25
Price spread: −0.093% → 0.000%: −$9.28
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $46.97
Costs to cover: 0.080%
Break-even: 1.9 days

Slippage unknown: Lighter: live order book, 30 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, 30 min ago	10.28 bp	10.3 bp −$10	30.0 bp −$300	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.

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	1,316.1	−0.020%	$2.0M	$408K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,313.9	−0.191%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,315.8	−0.043%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,314.2	−0.166%	—	—	—	as long as short
Lighter XPDlong	+0.0032%	1h	1,316.4	long leg	$401K	$147K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+1.246%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,313.4	−0.228%	$2.7M	$469K	20x	as long as short
Variational Omni XPD	+0.0078%	4h	1,316	−0.031%	$541K	$14K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,314	−0.180%	$171K	$4K	75x	as long as short
OKX XPD-USDT-SWAP	+0.0150%	8h	1,315.9	−0.038%	$322K	$485K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XPDUSDT	+0.0167%	4h	1,315.9	−0.037%	$3.8M	$4.2M	100x	as long as short
MEXC XPD_USDT	+0.0168%	4h	1,315.8	−0.048%	$13.2M	$338K	100x	as long as short
edgeX XPDUSDC	+0.0198%	4h	1,316	−0.030%	$38K	$206K	10x	as long as short
BloFin XPD-USDT	+0.0213%	4h	1,316.3	−0.005%	$30K	$19K	100x	as long as short
Bitget XPDUSDT	+0.0272%	4h	1,315.1	−0.103%	$5.0M	$218K	100x	as long as short
Aster XPDUSDTshort	+0.0338%	4h	1,315.2	−0.093%	$27K	$12K	20x
GRVT XPD_USDT_Perp	+0.0668%	4h	1,315.6	−0.060%	$338K	$1.0M	25x	as long as short