Funding you earn now, next payment 12:00 UTC−0.0530%/8h= −58.1% APRpaid last 24h −0.046%
Price spread now: edgeX against Lighter−0.123%109s7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.123%, 7d avg −0.066%
=Together, before fees−0.247%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and edgeX is 0.057% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.066%). Swap the legs. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
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 | 0.0520 | pay 0.0065% / 1h | 43m 42s | $358K | $54K | 20x |
| Short | edgeX XPTUSDC | 1,791.8 | −0.0010 | pay 0.0005% / 4h | 43m 42s | $39K | $282K | 10x |
Lighter XPT
edgeX XPTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$111.35
- Price spread: −0.123% → −0.066%
- −$5.69
- Slippage, 4 orders
- −$32.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$158.65
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 54 min ago; edgeX: live order book, 62 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, 54 min ago | 2.23 bp | 10.6 bp −$11 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 62 min ago | 6.82 bp | 12.1 bp −$12 | 126.0 bp −$1,260 | doesn't fit | 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 | −0.035% | $89K | $77K | 100x | as long as short |
| edgeX XPTUSDCshort | −0.0010% | 4h | 1,791.8 | −0.123% | $39K | $282K | 10x | |
| Aster XPTUSDT | 0.0000% | 4h | 1,792.8 | −0.067% | $14K | $10K | 20x | as long as short |
| Binance XPTUSDT | 0.0000% | 4h | 1,793.1 | −0.050% | $4.7M | $6.1M | 100x | as long as short |
| MEXC XPT_USDT | 0.0000% | 4h | 1,792.6 | −0.080% | $23.0M | $724K | 100x | as long as short |
| Variational Omni XPT | 0.0000% | 4h | 1,791.9 | −0.117% | $251K | $187K | — | as long as short |
| HTX XPT-USDT | 0.0000% | 4h | 1,793.4 | −0.036% | $10K | $39K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,790.8 | −0.177% | $230 | — | 150x | as long as short |
| Injective XPT/USDC PERP | +0.0033% | 1h | 1,811.1 | +0.955% | $6K | $34K | 52x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,789.3 | −0.262% | — | — | 25x | as long as short |
BloFin XPT-USDT
Aster XPTUSDT
Binance 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 | −0.138% | $13K | $34K | 10x | as long as short |
| KuCoin XPTUSDTM | +0.0100% | 4h | 1,792.6 | −0.076% | $236K | $41K | 75x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0101% | 1h | 1,790.4 | −0.201% | $3.4M | $1.1M | 20x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,792.5 | −0.083% | $305 | — | 10x | as long as short |
| Bitget XPTUSDT | +0.0116% | 4h | 1,792.8 | −0.065% | $1.4M | $718K | 100x | as long as short |
| Gate XPT_USDT | +0.0118% | 4h | 1,793.9 | −0.008% | $645K | $604K | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0198% | 8h | 1,793.5 | −0.030% | $3K | — | 5x | as long as short |
| GRVT XPT_USDT_Perp | +0.0230% | 4h | 1,791.5 | −0.137% | $207K | $794K | 25x | as long as short |
| Extended XPT-USD | +0.0288% | 1h | 1,789.6 | −0.245% | $159K | $684K | 10x | as long as short |
| OKX XPT-USDT-SWAP | +0.0383% | 8h | 1,793.7 | −0.017% | $916K | $1.2M | 50x | as long as short |
| Lighter XPTlong | +0.0520% | 1h | 1,794 | long leg | $358K | $54K | 20x |
Pacifica PLATINUM
KuCoin XPTUSDTM
tradeXYZ xyz:PLATINUM
Aevo PLATINUM-PERP
Bitget XPTUSDT
Gate XPT_USDT
Paradex XPT-USD-PERP
GRVT XPT_USDT_Perp
Extended XPT-USD
OKX XPT-USDT-SWAP