Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h −0.011%

Price spread now: BloFin against Lighter+0.097%90s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on BloFin

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 +$6 a day on $10k at the current rate, and BloFin is 0.097% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,293.8	0.0032	pay 0.0004% / 1h	39m 25s	$398K	$160K	20x
Short	BloFin XPD-USDT	1,295.1	0.0229	get 0.0114% / 4h	1h 39m	$30K	$20K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $41.28
Price spread: +0.097% → 0.000%: $9.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $38.95
Costs to cover: 0.120%
Break-even: 0.4 days

Slippage unknown: Lighter: live order book, 60 min ago; BloFin: 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, 60 min ago	7.30 bp	17.1 bp −$17	40.6 bp −$406	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	1,294.1	+0.019%	$2.0M	$477K	100x	as long as short
SunX XPD-USDT	0.0000%	4h	1,292.7	−0.087%	—	$1.8M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,294.2	+0.029%	$9K	$34K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,291.5	−0.175%	—	—	—	as long as short
Lighter XPDlong	+0.0032%	1h	1,293.8	long leg	$398K	$160K	20x
Injective XPD/USDC PERP	+0.0033%	1h	1,332.8	+3.014%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,291.7	−0.162%	$2.7M	$477K	20x	as long as short
Variational Omni XPD	+0.0096%	4h	1,294.5	+0.056%	$534K	$24K	—	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,293.8	−0.002%	$168K	$7K	75x	as long as short
Binance XPDUSDT	+0.0193%	4h	1,294	+0.015%	$3.7M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XPD_USDT	+0.0198%	4h	1,293.8	+0.002%	$13.0M	$270K	100x	as long as short
edgeX XPDUSDC	+0.0209%	4h	1,294.4	+0.047%	$37K	$205K	10x	as long as short
BloFin XPD-USDTshort	+0.0229%	4h	1,295.1	+0.097%	$30K	$20K	100x
OKX XPD-USDT-SWAP	+0.0313%	8h	1,293.6	−0.015%	$322K	$479K	50x	as long as short
Aster XPDUSDT	+0.0456%	4h	1,293	−0.064%	$26K	$5K	20x	as long as short
Bitget XPDUSDT	+0.0488%	4h	1,293.9	+0.004%	$5.0M	$246K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0738%	4h	1,294.2	+0.029%	$337K	$695K	25x	as long as short