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

XPT

RWAall XPT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.071%
Price spread now: Lighter against KuCoin+0.098%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.609% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.258%+$26 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.098%, 7d avg +0.065%
Together, before fees+0.190%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.033% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XPTUSDTM1,792.70.0676pay 0.0338% / 4h2h 08m$248K$41K75x
ShortLighter XPT1,794.50.0968get 0.0121% / 1h8m 18s$355K$19K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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
$61.32
Price spread: +0.098% → +0.065%
$3.34
Slippage, 4 orders
−$48.91
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$3.75
Costs to cover
0.609%
Break-even
6.6 days
Slippage from KuCoin: live order book, 48 min ago; Lighter: live order book, 31 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 KuCoin live order book, 48 min ago3.28 bp15.8 bp −$16196.9 bp −$1,969doesn't fitdoesn't fit
Sell Lighter live order book, 31 min ago1.95 bp7.8 bp −$830.3 bp −$303doesn'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%4h1,793.9+0.064%$11K$38K30xas long as short
gTrade (Gains Network) XPT/USDL +0.0006% / S −0.0006%1h1,789.9−0.160%$230150xas long as short
Vest PL-PERP+0.0046%1h1,790.8−0.108%$5025xas long as short
Pacifica PLATINUM+0.0100%1h1,792.2−0.033%$13K$31K10xas long as short
Injective XPT/USDC PERP+0.0220%1h1,806.8+0.785%$6K$34K52xas long as short
tradeXYZ xyz:PLATINUM+0.0464%1h1,791.4−0.075%$3.6M$1.1M20xas long as short
Aevo PLATINUM-PERP+0.0536%1h1,793.8+0.059%$30510xas long as short
KuCoin XPTUSDTMlong+0.0676%4h1,792.7long leg$248K$41K75x
Paradex XPT-USD-PERP+0.0711%8h1,793.6+0.046%$3K5xas long as short
Gate XPT_USDT+0.0878%4h1,794.8+0.117%$723K$537K100xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XPT-USD+0.0944%1h1,789.7−0.170%$206K$628K10xas long as short
Lighter XPTshort+0.0968%1h1,794.5+0.098%$355K$19K20x
Aster XPTUSDT+0.1201%4h1,790.6−0.120%$15K$9K20xas long as short
Variational Omni XPT+0.1220%4h1,792.8+0.003%$261K$200Kas long as short
Binance XPTUSDT+0.1265%4h1,793.4+0.038%$4.5M$4.6M100xas long as short
MEXC XPT_USDT+0.1270%4h1,791.2−0.088%$23.4M$618K100xas long as short
Bitget XPTUSDT+0.1280%4h1,792.4−0.017%$1.4M$505K100xas long as short
edgeX XPTUSDC+0.1290%4h1,792.6−0.010%$39K$281K10xas long as short
BloFin XPT-USDT+0.1303%4h1,793.6+0.050%$93K$69K100xas long as short
OKX XPT-USDT-SWAP+0.1327%8h1,794.2+0.081%$997K$698K50xas long as short
GRVT XPT_USDT_Perp+0.1484%4h1,793.4+0.039%$206K$808K25xas long as short