XPT Funding Rate — perpetuals across 12 venues
TradFi perpetual · compared across 12 venues · net of estimated fees · updated every few minutesXPT is a commodity-linked perpetual referencing XPT. Its price tracks the commodity, not an equity.
Live annualized XPT perpetual funding across all 12 venues Perpia tracks. Right now XPT funding is positive on 8 and negative on 0, ranging from +42.9% on Lighter to +0.0% on HTX — a spread of 42.9%. The widest delta-neutral trade is long Variational / short Lighter at 41.2% net APR.
XPT funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 12 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 12 venuesRates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs Lighter page. 39 pairs scanned for XPT.
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XPT — FAQ
Is XPT funding positive right now?
XPT perpetual funding is positive on 8 of 12 venues Perpia tracks. The highest is +42.9% on Lighter; the lowest is +0.0% on HTX.
What is the best XPT funding arbitrage right now?
Go long Variational and short Lighter for about 41.2% net APR after fees — the widest delta-neutral XPT spread Perpia currently sees.
Which exchange has the highest XPT funding rate?
Lighter, at +42.9% annualized. Funding shifts continuously, so check the live table above before trading.
How XPT funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to XPT
also quoted on both Lighter and VariationalThe same two exchanges you would already have funded for the XPT trade. Every spread between them is on the Lighter vs Variational page.