Funding you earn now, next payment 05:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h +0.014%
Price spread now: Lighter against MEXC+0.104%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as 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)−0.077%−$8 · spread now +0.104%, 7d avg +0.006%
=Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.098% dearer against MEXC than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.006%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.
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 | MEXC XPD_USDT | 1,298.9 | 0.0300 | pay 0.0150% / 4h | 3h 04m | $13.1M | $271K | 100x |
| Short | Lighter XPD | 1,300.2 | 0.0032 | get 0.0004% / 1h | 4m 12s | $401K | $160K | 20x |
MEXC XPD_USDT
Lighter XPDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.28
- Price spread: +0.104% → +0.006%
- $9.79
- Slippage, 4 orders
- −$63.39
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$109.88
- Costs to cover
- 0.634%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 40 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, 4 min ago | 10.17 bp | 10.2 bp −$10 | 11.1 bp −$111 | 98.9 bp −$9,888 | 306.7 bp −$153.3K |
| Sell Lighter live order book, 40 min ago | 1.15 bp | 22.6 bp −$23 | 50.7 bp −$507 | doesn't fit | doesn't fit |
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 | 1,297.3 | −0.122% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,297.8 | −0.080% | — | — | — | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,300.2 | +0.104% | $401K | $160K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.614% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,297.5 | −0.104% | $2.7M | $470K | 20x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,300 | +0.091% | $169K | $6K | 75x | as long as short |
| Gate XPD_USDT | +0.0102% | 4h | 1,299.8 | +0.075% | $2.0M | $477K | 100x | as long as short |
| Variational Omni XPD | +0.0171% | 4h | 1,299.5 | +0.048% | $536K | $24K | — | as long as short |
| edgeX XPDUSDC | +0.0269% | 4h | 1,299.5 | +0.050% | $37K | $205K | 10x | as long as short |
| OKX XPD-USDT-SWAP | +0.0273% | 8h | 1,299.4 | +0.042% | $321K | $471K | 50x | as long as short |
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
KuCoin XPDUSDTM
Gate XPD_USDT
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_USDTlong | +0.0300% | 4h | 1,298.9 | long leg | $13.1M | $271K | 100x | |
| Binance XPDUSDT | +0.0308% | 4h | 1,300.1 | +0.097% | $3.8M | $4.7M | 100x | as long as short |
| BloFin XPD-USDT | +0.0345% | 4h | 1,299.7 | +0.065% | $30K | $20K | 100x | as long as short |
| Bitget XPDUSDT | +0.0478% | 4h | 1,299.1 | +0.019% | $5.0M | $241K | 100x | as long as short |
| HTX XPD-USDT | +0.0490% | 4h | 1,300 | +0.085% | $10K | $34K | 20x | as long as short |
| Aster XPDUSDT | +0.0523% | 4h | 1,299 | +0.012% | $26K | $5K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1288% | 4h | 1,299.2 | +0.030% | $338K | $715K | 25x | as long as short |
Binance XPDUSDT
BloFin XPD-USDT
Bitget XPDUSDT
HTX XPD-USDT
Aster XPDUSDT
GRVT XPD_USDT_Perp