Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1040%/8h= +113.9% APRpaid last 24h +0.136%

Price spread now: Lighter against HTX+0.328%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Lighter

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 for this trade now. Funding pays +$31 a day on $10k at the current rate, and Lighter is 0.328% dearer against HTX than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XPT-USDT	1,788.1	0	get 0.0000% / 4h	2h 25m	$11K	$38K	30x
Short	Lighter XPT	1,794	0.1040	get 0.0130% / 1h	25m 32s	$355K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.328%Rate

Funding earned: $218.4
Price spread: +0.328% → 0.000%: $32.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $239.17
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 14 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 14 min ago	1.95 bp	7.8 bp −$8	30.3 bp −$303	doesn't fit	doesn't fit

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.

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-USDTlong	0.0000%	4h	1,788.1	long leg	$11K	$38K	30x
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,786.2	−0.106%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,787.2	−0.053%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,790.6	+0.136%	$13K	$31K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.8	+1.437%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0520%	1h	1,791.1	+0.165%	$304	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0536%	1h	1,790	+0.104%	$3.6M	$1.1M	20x	as long as short
KuCoin XPTUSDTM	+0.0778%	4h	1,791.9	+0.208%	$248K	$40K	75x	as long as short
Paradex XPT-USD-PERP	+0.0791%	8h	1,792.3	+0.233%	$3K	—	5x	as long as short
Gate XPT_USDT	+0.0900%	4h	1,793.2	+0.284%	$719K	$523K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPTshort	+0.1040%	1h	1,794	+0.328%	$355K	$19K	20x
Aster XPTUSDT	+0.1257%	4h	1,790.1	+0.109%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.1261%	4h	1,790	+0.107%	$271K	$193K	—	as long as short
Extended XPT-USD	+0.1312%	1h	1,788.8	+0.037%	$206K	$627K	10x	as long as short
Binance XPTUSDT	+0.1314%	4h	1,792.6	+0.252%	$4.5M	$4.5M	100x	as long as short
MEXC XPT_USDT	+0.1316%	4h	1,790	+0.103%	$23.4M	$616K	100x	as long as short
edgeX XPTUSDC	+0.1319%	4h	1,788	−0.007%	$39K	$281K	10x	as long as short
OKX XPT-USDT-SWAP	+0.1322%	8h	1,793.2	+0.283%	$996K	$683K	50x	as long as short
Bitget XPTUSDT	+0.1340%	4h	1,790.8	+0.150%	$1.4M	$498K	100x	as long as short
BloFin XPT-USDT	+0.1371%	4h	1,789.4	+0.072%	$94K	$68K	100x	as long as short
GRVT XPT_USDT_Perp	+0.1644%	4h	1,786.8	−0.075%	$205K	$810K	25x	as long as short