Funding you earn now, next payment 11:00 UTC−0.0249%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.012%
Price spread now: gTrade (Gains Network) against Lighter−0.123%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.123% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 101 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 | 1,292.3 | 0.0256 | pay 0.0032% / 1h | 43m 45s | $397K | $159K | 20x |
| Short | gTrade (Gains Network) XPD/USD | 1,290.7 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 43m 45s | — | — | — |
Lighter XPD
gTrade (Gains Network) XPD/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Lighter. 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
- −$52.21
- Price spread: −0.123% → 0.000%
- −$12.3
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$74.52
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 62 min ago; gTrade (Gains Network): 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, 62 min ago | 3.86 bp | 5.5 bp −$6 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPD-USDT | −0.0038% | 4h | 1,292.7 | +0.033% | $33K | $23K | 100x | as long as short |
| edgeX XPDUSDC | −0.0012% | 4h | 1,293 | +0.051% | $37K | $207K | 10x | as long as short |
| Aster XPDUSDT | 0.0000% | 4h | 1,291.9 | −0.034% | $26K | $7K | 20x | as long as short |
| Binance XPDUSDT | 0.0000% | 4h | 1,291.9 | −0.035% | $3.7M | $5.3M | 100x | as long as short |
| OKX XPD-USDT-SWAP | 0.0000% | 8h | 1,292.1 | −0.015% | $343K | $570K | 50x | as long as short |
| Gate XPD_USDT | 0.0000% | 4h | 1,292.2 | −0.009% | $2.0M | $488K | 100x | as long as short |
| MEXC XPD_USDT | 0.0000% | 4h | 1,291.6 | −0.055% | $13.5M | $377K | 100x | as long as short |
| Bitget XPDUSDT | 0.0000% | 4h | 1,291.6 | −0.052% | $5.0M | $309K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,291.9 | −0.028% | $525K | $29K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,289.7 | −0.204% | — | $1.5M | 10x | as long as short |
BloFin XPD-USDT
edgeX XPDUSDC
Aster XPDUSDT
Binance XPDUSDT
OKX XPD-USDT-SWAP
Gate XPD_USDT
MEXC XPD_USDT
Bitget XPDUSDT
Variational Omni XPD
SunX XPD-USDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX XPD-USDT | 0.0000% | 4h | 1,291.9 | −0.029% | $10K | $35K | 20x | as long as short |
| gTrade (Gains Network) XPD/USDshort | L +0.0008% / S −0.0007% | 1h | 1,290.7 | −0.123% | — | — | — | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +3.134% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,290 | −0.178% | $2.6M | $567K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,290.4 | −0.151% | $168K | $7K | 75x | as long as short |
| GRVT XPD_USDT_Perp | +0.0242% | 4h | 1,292.5 | +0.017% | $335K | $625K | 25x | as long as short |
| Lighter XPDlong | +0.0256% | 1h | 1,292.3 | long leg | $397K | $159K | 20x |
HTX XPD-USDT
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
KuCoin XPDUSDTM
GRVT XPD_USDT_Perp