Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.014%
Price spread now: Lighter against MEXC+0.113%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$650.645% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.113%, 7d avg +0.006%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.107% dearer against MEXC than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.006%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.4 days. 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XPD_USDT | 1,298.2 | 0.0088 | pay 0.0044% / 4h | 3h 41m | $13.1M | $269K | 100x |
| Short | Lighter XPD | 1,299.7 | 0.0032 | get 0.0004% / 1h | 41m 10s | $401K | $158K | 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
- −$11.76
- Price spread: +0.113% → +0.006%
- $10.72
- Slippage, 4 orders
- −$64.54
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$65.59
- Costs to cover
- 0.645%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Lighter: 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 MEXC live order book, 2 min ago | 11.44 bp | 11.4 bp −$11 | 12.3 bp −$123 | 102.4 bp −$10.2K | 324.5 bp −$162.2K |
| Sell Lighter live order book, 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPD | 0.0000% | 4h | 1,300 | +0.134% | $536K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,296.3 | −0.149% | — | $1.8M | 10x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,296.8 | −0.108% | — | — | — | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,299.7 | +0.113% | $401K | $158K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.663% | $16K | $20K | 52x | as long as short |
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,296.5 | −0.133% | $2.7M | $492K | 20x | as long as short |
| edgeX XPDUSDC | +0.0081% | 4h | 1,299.4 | +0.094% | $37K | $205K | 10x | as long as short |
| MEXC XPD_USDTlong | +0.0088% | 4h | 1,298.2 | long leg | $13.1M | $269K | 100x | |
| Binance XPDUSDT | +0.0093% | 4h | 1,299.2 | +0.076% | $3.8M | $4.7M | 100x | as long as short |
| BloFin XPD-USDT | +0.0095% | 4h | 1,299.4 | +0.088% | $30K | $20K | 100x | as long as short |
Variational Omni XPD
SunX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
tradeXYZ xyz:PALLADIUM
edgeX XPDUSDC
Binance XPDUSDT
BloFin XPD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,299.3 | +0.079% | $169K | $5K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0152% | 8h | 1,299.2 | +0.075% | $321K | $472K | 50x | as long as short |
| Gate XPD_USDT | +0.0186% | 4h | 1,299.1 | +0.068% | $2.0M | $470K | 100x | as long as short |
| Aster XPDUSDT | +0.0250% | 4h | 1,297.9 | −0.023% | $26K | $5K | 20x | as long as short |
| Bitget XPDUSDT | +0.0302% | 4h | 1,298.8 | +0.045% | $5.0M | $240K | 100x | as long as short |
| HTX XPD-USDT | +0.0530% | 4h | 1,299.5 | +0.096% | $9K | $34K | 20x | as long as short |
| GRVT XPD_USDT_Perp | +0.1292% | 4h | 1,299.2 | +0.075% | $338K | $720K | 25x | as long as short |
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
Gate XPD_USDT
Aster XPDUSDT
Bitget XPDUSDT
HTX XPD-USDT
GRVT XPD_USDT_Perp