Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.058%

Price spread now: Paradex against Lighter+0.143%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.143% dearer against Lighter than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,796.4	0.0312	pay 0.0039% / 1h	3m 48s	$359K	$51K	20x
Short	Paradex XPT-USD-PERP	1,799	0.0096	get 0.0096% / 8h	6h 03m	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$45.27
Price spread: +0.143% → 0.000%: $14.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.95
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter: live order book, 42 min ago; Paradex: no order-book sample. 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 Lighter live order book, 42 min ago	2.51 bp	9.4 bp −$9	18.5 bp −$185	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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
Aster XPTUSDT	0.0000%	4h	1,797.1	+0.040%	$14K	$10K	20x	as long as short
Binance XPTUSDT	0.0000%	4h	1,796.1	−0.017%	$4.6M	$5.9M	100x	as long as short
MEXC XPT_USDT	0.0000%	4h	1,796.2	−0.009%	$23.1M	$716K	100x	as long as short
Variational Omni XPT	0.0000%	4h	1,798.7	+0.129%	$252K	$199K	—	as long as short
HTX XPT-USDT	0.0000%	4h	1,796.8	+0.021%	$11K	$39K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,794.9	−0.082%	$230	—	150x	as long as short
edgeX XPTUSDC	+0.0014%	4h	1,794.1	−0.125%	$39K	$282K	10x	as long as short
BloFin XPT-USDT	+0.0032%	4h	1,799.3	+0.163%	$87K	$74K	100x	as long as short
Injective XPT/USDC PERP	+0.0033%	1h	1,811.1	+0.820%	$6K	$34K	52x	as long as short
Vest PL-PERP	+0.0046%	1h	1,793.9	−0.139%	—	$50	25x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,793.5	−0.161%	$3.4M	$1.1M	20x	as long as short
Bitget XPTUSDT	+0.0050%	4h	1,795.4	−0.057%	$1.3M	$615K	100x	as long as short
Gate XPT_USDT	+0.0074%	4h	1,796.7	+0.016%	$651K	$592K	100x	as long as short
Paradex XPT-USD-PERPshort	+0.0096%	8h	1,799	+0.143%	$3K	—	5x
GRVT XPT_USDT_Perp	+0.0098%	4h	1,797.5	+0.061%	$206K	$760K	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.9	+0.083%	$14K	$34K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,796.3	−0.004%	$237K	$41K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,796.4	+0.002%	$305	—	10x	as long as short
Lighter XPTlong	+0.0312%	1h	1,796.4	long leg	$359K	$51K	20x
Extended XPT-USD	+0.0520%	1h	1,793.3	−0.173%	$147K	$705K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0560%	8h	1,795.7	−0.039%	$910K	$1.1M	50x	as long as short