Funding arb · Price arb /

XPD

RWAall XPD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: HTX against Lighter−0.065%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 HTX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.065% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPD	1,301.1	0.0032	pay 0.0004% / 1h	9m 35s	$401K	$155K	20x
Short	HTX XPD-USDT	1,300.3	0	get 0.0000% / 4h	9m 35s	$9K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$6.72
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.18
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 40 min ago; HTX: 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, 40 min ago	6.53 bp	14.3 bp −$14	37.1 bp −$371	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
BloFin XPD-USDT	−0.0024%	4h	1,300.7	−0.028%	$30K	$20K	100x	as long as short
Binance XPDUSDT	0.0000%	4h	1,300.6	−0.036%	$3.8M	$4.6M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,300.7	−0.033%	$2.0M	$460K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,300.4	−0.058%	$13.1M	$270K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,300.4	−0.056%	$536K	$24K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,297.5	−0.279%	—	$1.8M	10x	as long as short
HTX XPD-USDTshort	0.0000%	4h	1,300.3	−0.065%	$9K	$34K	20x
edgeX XPDUSDC	+0.0001%	4h	1,300.2	−0.066%	$37K	$205K	10x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,298.6	−0.189%	—	—	—	as long as short
Lighter XPDlong	+0.0032%	1h	1,301.1	long leg	$401K	$155K	20x

Show 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	+2.436%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUM	+0.0050%	1h	1,298.7	−0.184%	$2.7M	$486K	20x	as long as short
OKX XPD-USDT-SWAP	+0.0056%	8h	1,300.3	−0.061%	$323K	$468K	50x	as long as short
Aster XPDUSDT	+0.0081%	4h	1,299.9	−0.095%	$27K	$5K	20x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,301.3	+0.015%	$170K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0146%	4h	1,300.1	−0.076%	$5.0M	$240K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0492%	4h	1,300.2	−0.066%	$336K	$724K	25x	as long as short