Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.069%

Price spread now: Lighter against MEXC+0.188%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.188%, 7d avg +0.064%

Together, before fees+0.151%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.124% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPT_USDT	1,798.6	0.0656	pay 0.0328% / 4h	1h 30m	$23.7M	$655K	100x
Short	Lighter XPT	1,802	0.0872	get 0.0109% / 1h	30m 48s	$357K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.188%Rate

Funding earned: $45.36
Price spread: +0.188% → +0.064%: $12.39
Slippage, 4 orders: −$42.51
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $15.24
Costs to cover: 0.425%
Break-even: 4.6 days

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 24 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 MEXC live order book, 3 min ago	5.73 bp	5.7 bp −$6	8.8 bp −$88	58.6 bp −$5,856	242.1 bp −$121.0K
Sell Lighter live order book, 24 min ago	1.38 bp	12.2 bp −$12	30.8 bp −$308	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	1,799.7	+0.060%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,797.6	−0.059%	$231	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,798.1	−0.029%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,797.3	−0.074%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0104%	1h	1,801.5	+0.160%	$306	—	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,816	+0.967%	$6K	$34K	52x	as long as short
Gate XPT_USDT	+0.0400%	4h	1,800	+0.077%	$637K	$430K	100x	as long as short
KuCoin XPTUSDTM	+0.0456%	4h	1,799.4	+0.043%	$201K	$17K	75x	as long as short
tradeXYZ xyz:PLATINUM	+0.0499%	1h	1,799.7	+0.060%	$3.6M	$976K	20x	as long as short
Variational Omni XPT	+0.0602%	4h	1,800.7	+0.116%	$280K	$227K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0604%	4h	1,800	+0.079%	$14K	$10K	20x	as long as short
MEXC XPT_USDTlong	+0.0656%	4h	1,798.6	long leg	$23.7M	$655K	100x
Binance XPTUSDT	+0.0659%	4h	1,801.2	+0.142%	$4.3M	$3.8M	100x	as long as short
Paradex XPT-USD-PERP	+0.0666%	8h	1,800.6	+0.111%	$3K	—	5x	as long as short
edgeX XPTUSDC	+0.0672%	4h	1,799.2	+0.030%	$39K	$283K	10x	as long as short
BloFin XPT-USDT	+0.0702%	4h	1,800.5	+0.102%	$85K	$68K	100x	as long as short
Bitget XPTUSDT	+0.0752%	4h	1,799.6	+0.055%	$1.3M	$393K	100x	as long as short
Extended XPT-USD	+0.0776%	1h	1,798.3	−0.020%	$199K	$616K	10x	as long as short
OKX XPT-USDT-SWAP	+0.0812%	8h	1,801.5	+0.160%	$900K	$525K	50x	as long as short
Lighter XPTshort	+0.0872%	1h	1,802	+0.188%	$357K	$15K	20x
GRVT XPT_USDT_Perp	+0.1134%	4h	1,799.3	+0.039%	$205K	$846K	25x	as long as short