Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h +0.055%

Price spread now: Lighter against Aster+0.182%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.182% dearer against Aster than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XPTUSDT	1,790	0.1188	pay 0.0594% / 4h	2h 04m	$15K	$9K	20x
Short	Lighter XPT	1,793.3	0.0952	get 0.0119% / 1h	4m 04s	$354K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$49.47
Price spread: +0.182% → 0.000%: $18.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.24
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 35 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 35 min ago	1.95 bp	7.8 bp −$8	30.3 bp −$303	doesn't fit	doesn't fit

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.

XPT on 21 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
HTX XPT-USDT	0.0000%	4h	1,792.5	+0.137%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,788.7	−0.075%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,789.3	−0.041%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,788.3	−0.099%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,806.8	+0.937%	$6K	$34K	52x	as long as short
tradeXYZ xyz:PLATINUM	+0.0449%	1h	1,790.1	+0.004%	$3.6M	$1.1M	20x	as long as short
Aevo PLATINUM-PERP	+0.0536%	1h	1,793	+0.168%	$305	—	10x	as long as short
KuCoin XPTUSDTM	+0.0650%	4h	1,792.1	+0.116%	$247K	$41K	75x	as long as short
Paradex XPT-USD-PERP	+0.0694%	8h	1,791.7	+0.094%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0870%	4h	1,793.5	+0.193%	$722K	$539K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XPT-USD	+0.0896%	1h	1,788.7	−0.076%	$206K	$628K	10x	as long as short
Lighter XPTshort	+0.0952%	1h	1,793.3	+0.182%	$354K	$19K	20x
Aster XPTUSDTlong	+0.1188%	4h	1,790	long leg	$15K	$9K	20x
Variational Omni XPT	+0.1199%	4h	1,793	+0.168%	$261K	$198K	—	as long as short
Binance XPTUSDT	+0.1248%	4h	1,792.3	+0.127%	$4.5M	$4.6M	100x	as long as short
MEXC XPT_USDT	+0.1252%	4h	1,791.5	+0.082%	$23.5M	$634K	100x	as long as short
BloFin XPT-USDT	+0.1259%	4h	1,792.3	+0.126%	$93K	$69K	100x	as long as short
edgeX XPTUSDC	+0.1268%	4h	1,793.5	+0.194%	$39K	$282K	10x	as long as short
Bitget XPTUSDT	+0.1268%	4h	1,791.4	+0.078%	$1.4M	$504K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1327%	8h	1,792.1	+0.115%	$996K	$694K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1448%	4h	1,793.2	+0.177%	$206K	$808K	25x	as long as short