Funding you earn now, next payment 05:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h −0.014%
Price spread now: MEXC against Lighter−0.138%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.138%, 7d avg −0.006%
=Together, before fees+0.048%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.132% cheaper against Lighter than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.006%). If the spread goes back, that is −$13 on $10k: about 40 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XPD | 1,300.5 | 0.0032 | pay 0.0004% / 1h | 4m 55s | $401K | $160K | 20x |
| Short | MEXC XPD_USDT | 1,298.7 | 0.0296 | get 0.0148% / 4h | 3h 04m | $13.1M | $271K | 100x |
Lighter XPD
MEXC XPD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $55.44
- Price spread: −0.138% → −0.006%
- −$13.23
- Slippage, 4 orders
- −$63.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$21.18
- Costs to cover
- 0.634%
- Break-even
- 9.7 days
Slippage from Lighter: live order book, 40 min ago; MEXC: live order book, 3 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, 40 min ago | 1.15 bp | 18.2 bp −$18 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 10.17 bp | 12.5 bp −$12 | 12.9 bp −$129 | 78.1 bp −$7,812 | 300.2 bp −$150.1K |
XPD on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XPD-USDT | 0.0000% | 4h | 1,297.4 | −0.241% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,297.7 | −0.219% | — | — | — | as long as short |
| Lighter XPDlong | +0.0032% | 1h | 1,300.5 | long leg | $401K | $160K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.484% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,297.5 | −0.231% | $2.7M | $470K | 20x | as long as short |
| Gate XPD_USDT | +0.0100% | 4h | 1,299.8 | −0.053% | $2.0M | $477K | 100x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,299.9 | −0.043% | $169K | $6K | 75x | as long as short |
| Variational Omni XPD | +0.0171% | 4h | 1,299.5 | −0.079% | $536K | $24K | — | as long as short |
| edgeX XPDUSDC | +0.0269% | 4h | 1,299.5 | −0.077% | $37K | $205K | 10x | as long as short |
| OKX XPD-USDT-SWAP | +0.0272% | 8h | 1,299.4 | −0.085% | $321K | $471K | 50x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
Gate XPD_USDT
KuCoin XPDUSDTM
Variational Omni XPD
edgeX XPDUSDC
OKX XPD-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XPD_USDTshort | +0.0296% | 4h | 1,298.7 | −0.138% | $13.1M | $271K | 100x | |
| Binance XPDUSDT | +0.0301% | 4h | 1,299.9 | −0.045% | $3.8M | $4.7M | 100x | as long as short |
| BloFin XPD-USDT | +0.0345% | 4h | 1,299.7 | −0.062% | $30K | $20K | 100x | as long as short |
| Bitget XPDUSDT | +0.0474% | 4h | 1,299.1 | −0.108% | $5.0M | $241K | 100x | as long as short |
| HTX XPD-USDT | +0.0492% | 4h | 1,300 | −0.042% | $10K | $34K | 20x | as long as short |
| Aster XPDUSDT | +0.0514% | 4h | 1,298.5 | −0.155% | $26K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1288% | 4h | 1,299.2 | −0.097% | $338K | $715K | 25x | as long as short |
Binance XPDUSDT
BloFin XPD-USDT
Bitget XPDUSDT
HTX XPD-USDT
Aster XPDUSDT
GRVT XPD_USDT_Perp