Funding you earn now, next payment 12:00 UTC−0.0512%/8h= −56.1% APRpaid last 24h −0.043%
Price spread now: Binance against Lighter−0.072%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.072%, 7d avg −0.049%
=Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Binance is 0.023% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.327% in total (about -17.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPT | 1,794.4 | 0.0512 | pay 0.0064% / 1h | 44m 11s | $358K | $53K | 20x |
| Short | Binance XPTUSDT | 1,793.1 | 0 | get 0.0000% / 4h | 44m 11s | $4.7M | $6.1M | 100x |
Lighter XPT
Binance XPTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$107.52
- Price spread: −0.072% → −0.049%
- −$2.3
- Slippage, 4 orders
- −$25.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$145.2
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 min ago; Binance: live order book, 2 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 Lighter live order book, 53 min ago | 2.23 bp | 10.6 bp −$11 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.17 bp | 9.5 bp −$10 | 21.4 bp −$214 | 114.6 bp −$11.5K | doesn't fit |
XPT on 21 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPT-USDT | −0.0055% | 4h | 1,793.4 | −0.057% | $89K | $77K | 100x | as long as short |
| edgeX XPTUSDC | −0.0010% | 4h | 1,791.8 | −0.145% | $39K | $282K | 10x | as long as short |
| Aster XPTUSDT | 0.0000% | 4h | 1,792.8 | −0.089% | $14K | $10K | 20x | as long as short |
| Binance XPTUSDTshort | 0.0000% | 4h | 1,793.1 | −0.072% | $4.7M | $6.1M | 100x | |
| MEXC XPT_USDT | 0.0000% | 4h | 1,793 | −0.080% | $23.0M | $724K | 100x | as long as short |
| Variational Omni XPT | 0.0000% | 4h | 1,791.9 | −0.140% | $251K | $187K | — | as long as short |
| HTX XPT-USDT | 0.0000% | 4h | 1,793.4 | −0.059% | $10K | $39K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,790.8 | −0.200% | $230 | — | 150x | as long as short |
| Injective XPT/USDC PERP | +0.0033% | 1h | 1,811.1 | +0.932% | $6K | $34K | 52x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,789.3 | −0.284% | — | — | 25x | as long as short |
BloFin XPT-USDT
edgeX XPTUSDC
Aster XPTUSDT
MEXC XPT_USDT
Variational Omni XPT
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Injective XPT/USDC PERP
Vest PL-PERPShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PLATINUM | +0.0100% | 1h | 1,791.5 | −0.161% | $13K | $34K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,792.6 | −0.099% | $236K | $41K | 75x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,792.5 | −0.105% | $305 | — | 10x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0105% | 1h | 1,790.1 | −0.240% | $3.4M | $1.1M | 20x | as long as short |
| Bitget XPTUSDT | +0.0116% | 4h | 1,792.4 | −0.114% | $1.4M | $718K | 100x | as long as short |
| Gate XPT_USDT | +0.0118% | 4h | 1,794.2 | −0.013% | $645K | $604K | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0198% | 8h | 1,793.5 | −0.052% | $3K | — | 5x | as long as short |
| GRVT XPT_USDT_Perp | +0.0230% | 4h | 1,791.5 | −0.159% | $207K | $794K | 25x | as long as short |
| Extended XPT-USD | +0.0288% | 1h | 1,790.3 | −0.226% | $159K | $684K | 10x | as long as short |
| OKX XPT-USDT-SWAP | +0.0383% | 8h | 1,794.4 | 0.000% | $917K | $1.2M | 50x | as long as short |
| Lighter XPTlong | +0.0512% | 1h | 1,794.4 | long leg | $358K | $53K | 20x |
Pacifica PLATINUM
KuCoin XPTUSDTM
Aevo PLATINUM-PERP
tradeXYZ xyz:PLATINUM
Bitget XPTUSDT
Gate XPT_USDT
Paradex XPT-USD-PERP
GRVT XPT_USDT_Perp
Extended XPT-USD
OKX XPT-USDT-SWAP