Settings8H · net · $10k
Funding arb · Price arb /

XPT

RWAall XPT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.053%
Price spread now: Lighter against Bitget+0.113%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$360.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.324%+$32 on $10k
Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.113%, 7d avg +0.083%
Together, before fees+0.179%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.030% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XPTUSDT1,808.10.0702pay 0.0351% / 4h3h 30m$1.2M$401K100x
ShortLighter XPT1,810.10.0728get 0.0091% / 1h30m 58s$358K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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

Funding earned
$5.46
Price spread: +0.113% → +0.083%
$2.97
Slippage, 4 orders
−$24.04
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$27.61
Costs to cover
0.360%
Break-even
42.4 days
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.60 bp11.7 bp −$1242.8 bp −$428123.0 bp −$12.3Kdoesn't fit
Sell Lighter live order book, 13 min ago2.21 bp7.7 bp −$816.6 bp −$166doesn't fitdoesn't fit

XPT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX XPT-USDT0.0000%4h1,809.5+0.081%$11K$36K30xas long as short
gTrade (Gains Network) XPT/USDL +0.0006% / S −0.0006%1h1,805.9−0.122%$23220xas long as short
Vest PL-PERP+0.0046%1h1,805.7−0.131%$5025xas long as short
Pacifica PLATINUM+0.0100%1h1,807.3−0.041%$17K$22K10xas long as short
Aevo PLATINUM-PERP+0.0104%1h1,809.2+0.062%$308$5410xas long as short
Extended XPT-USD+0.0128%1h1,806.3−0.098%$199K$443K10xas long as short
Injective XPT/USDC PERP+0.0220%1h1,826.8+1.036%$6K$34K52xas long as short
KuCoin XPTUSDTM+0.0262%4h1,809.3+0.066%$201K$55K75xas long as short
tradeXYZ xyz:PLATINUM+0.0305%1h1,807−0.059%$3.6M$1.4M20xas long as short
Variational Omni XPT+0.0322%4h1,809+0.051%$282K$321Kas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin XPT-USDT+0.0349%4h1,808.7+0.037%$86K$62K100xas long as short
edgeX XPTUSDC+0.0381%4h1,808.8+0.042%$39K$283K10xas long as short
MEXC XPT_USDT+0.0386%4h1,806.3−0.098%$24.1M$615K100xas long as short
Binance XPTUSDT+0.0389%4h1,809+0.052%$4.3M$4.4M100xas long as short
Aster XPTUSDT+0.0429%4h1,809.1+0.059%$12K$27K20xas long as short
Paradex XPT-USD-PERP+0.0535%8h1,808.7+0.034%$3K5xas long as short
Gate XPT_USDT+0.0602%4h1,808.9+0.044%$699K$440K100xas long as short
Bitget XPTUSDTlong+0.0702%4h1,808.1long leg$1.2M$401K100x
Lighter XPTshort+0.0728%1h1,810.1+0.113%$358K$21K20x
OKX XPT-USDT-SWAP+0.0844%8h1,809.1+0.058%$922K$679K50xas long as short
GRVT XPT_USDT_Perp+0.1234%4h1,809+0.051%$206K$1.3M25xas long as short