Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.011%

Price spread now: Lighter against OKX+0.072%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.072%, 7d avg +0.015%

Together, before fees+0.106%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.057% dearer against OKX than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.015%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.182%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XPT-USDT-SWAP	1,814	0.0708	pay 0.0708% / 8h	7h 21m	$907K	$537K	50x
Short	Lighter XPT	1,815.3	0.0464	get 0.0058% / 1h	21m 37s	$359K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$51.19
Price spread: +0.072% → +0.015%: $5.67
Slippage, 4 orders: −$23.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$78.59
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from OKX: live order book, 50 min ago; Lighter: live order book, 43 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 OKX live order book, 50 min ago	0.28 bp	9.8 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit
Sell Lighter live order book, 43 min ago	1.92 bp	6.5 bp −$7	16.3 bp −$163	doesn't fit	doesn't fit

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-USDT	0.0000%	4h	1,814	+0.002%	$11K	$36K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,810.8	−0.176%	$232	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,811.8	−0.121%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,810.5	−0.193%	$17K	$25K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,814.4	+0.021%	$202K	$19K	75x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,813.9	−0.006%	$308	—	10x	as long as short
Extended XPT-USD	+0.0160%	1h	1,811.2	−0.154%	$207K	$510K	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0163%	1h	1,812	−0.110%	$3.6M	$1.1M	20x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,835.4	+1.179%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0222%	4h	1,814.4	+0.020%	$643K	$405K	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XPT	+0.0223%	4h	1,814.2	+0.012%	$287K	$326K	—	as long as short
MEXC XPT_USDT	+0.0296%	4h	1,813.1	−0.050%	$23.9M	$672K	100x	as long as short
Binance XPTUSDT	+0.0298%	4h	1,813.5	−0.028%	$4.3M	$4.0M	100x	as long as short
BloFin XPT-USDT	+0.0298%	4h	1,814.6	+0.035%	$85K	$64K	100x	as long as short
edgeX XPTUSDC	+0.0309%	4h	1,813.6	−0.021%	$40K	$282K	10x	as long as short
Aster XPTUSDT	+0.0338%	4h	1,812.6	−0.078%	$15K	$12K	20x	as long as short
Paradex XPT-USD-PERP	+0.0373%	8h	1,813.4	−0.031%	$3K	—	5x	as long as short
Bitget XPTUSDT	+0.0396%	4h	1,813.4	−0.034%	$1.2M	$350K	100x	as long as short
Lighter XPTshort	+0.0464%	1h	1,815.3	+0.072%	$359K	$16K	20x
OKX XPT-USDT-SWAPlong	+0.0708%	8h	1,814	long leg	$907K	$537K	50x
GRVT XPT_USDT_Perp	+0.0792%	4h	1,814.3	+0.015%	$208K	$1.0M	25x	as long as short