XPD

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.025%

Price spread now: Lighter against tradeXYZ+0.160%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.160%, 7d avg +0.128%

Together, before fees−0.086%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.032% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.128%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.076% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PALLADIUM	1,308.7	0.0050	pay 0.0006% / 1h	13m 03s	$2.7M	$518K	20x
Short	Lighter XPD	1,310.8	0.0032	get 0.0004% / 1h	13m 03s	$404K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$3.78
Price spread: +0.160% → +0.128%: $3.24
Slippage, 4 orders: −$51.8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$70.34
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Lighter: live order book, 47 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 tradeXYZ live order book, 5 min ago	1.53 bp	10.5 bp −$11	26.3 bp −$263	doesn't fit	doesn't fit
Sell Lighter live order book, 47 min ago	4.94 bp	22.3 bp −$22	48.6 bp −$486	doesn't fit	doesn't fit

XPD on 16 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	−0.0008%	4h	1,312.6	+0.300%	$38K	$206K	10x	as long as short
Binance XPDUSDT	0.0000%	4h	1,310.2	+0.113%	$3.8M	$4.5M	100x	as long as short
Gate XPD_USDT	0.0000%	4h	1,309.9	+0.095%	$2.0M	$453K	100x	as long as short
MEXC XPD_USDT	0.0000%	4h	1,310	+0.099%	$13.1M	$334K	100x	as long as short
Variational Omni XPD	0.0000%	4h	1,312.3	+0.278%	$542K	$16K	—	as long as short
SunX XPD-USDT	0.0000%	4h	1,309.9	+0.092%	—	$1.9M	10x	as long as short
HTX XPD-USDT	0.0000%	4h	1,311.7	+0.230%	$10K	$33K	20x	as long as short
gTrade (Gains Network) XPD/USD	L +0.0008% / S −0.0007%	1h	1,309.3	+0.044%	—	—	—	as long as short
Aster XPDUSDT	+0.0024%	4h	1,310.5	+0.135%	$27K	$12K	20x	as long as short
Lighter XPDshort	+0.0032%	1h	1,310.8	+0.160%	$404K	$155K	20x

Show all 16 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	+1.842%	$16K	$20K	52x	as long as short
tradeXYZ xyz:PALLADIUMlong	+0.0050%	1h	1,308.7	long leg	$2.7M	$518K	20x
OKX XPD-USDT-SWAP	+0.0058%	8h	1,310	+0.099%	$319K	$475K	50x	as long as short
KuCoin XPDUSDTM	+0.0100%	4h	1,309.6	+0.072%	$171K	$5K	75x	as long as short
Bitget XPDUSDT	+0.0114%	4h	1,309.7	+0.079%	$5.0M	$216K	100x	as long as short
GRVT XPD_USDT_Perp	+0.0490%	4h	1,311.6	+0.222%	$340K	$787K	25x	as long as short