Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h −0.064%

Price spread now: MEXC against Lighter−0.102%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.356%−$36 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.102%, 7d avg −0.068%

Together, before fees−0.285%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.034% cheaper against Lighter than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.068%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.356%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XPT	1,789.3	0.0312	pay 0.0039% / 1h	33m 33s	$356K	$24K	20x
Short	MEXC XPT_USDT	1,787.5	0.0652	get 0.0326% / 4h	33m 33s	$23.3M	$651K	100x

Funding 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 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 LighterbpFee MEXCbpOrdersPrice spread, now −0.102%Rate

Funding earned: $71.4
Price spread: −0.102% → −0.068%: −$3.4
Slippage, 4 orders: −$31.01
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $36.99
Costs to cover: 0.310%
Break-even: 3.4 days

Slippage from Lighter: live order book, 61 min ago; MEXC: live order book, 5 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, 61 min ago	2.24 bp	13.6 bp −$14	30.5 bp −$305	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.30 bp	7.5 bp −$7	11.6 bp −$116	58.9 bp −$5,888	237.5 bp −$118.7K

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	1,787.9	−0.081%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,785.5	−0.211%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,784.9	−0.246%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUM	+0.0050%	1h	1,786.2	−0.173%	$3.6M	$1.1M	20x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,785.5	−0.214%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,788	−0.074%	$239K	$40K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.6	+0.800%	$6K	$34K	52x	as long as short
Lighter XPTlong	+0.0312%	1h	1,789.3	long leg	$356K	$24K	20x
Paradex XPT-USD-PERP	+0.0312%	8h	1,787.7	−0.090%	$3K	—	5x	as long as short
Aevo PLATINUM-PERP	+0.0432%	1h	1,788.3	−0.059%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0573%	4h	1,785.9	−0.192%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0619%	4h	1,786.4	−0.164%	$237K	$201K	—	as long as short
Gate XPT_USDT	+0.0628%	4h	1,789.2	−0.007%	$701K	$541K	100x	as long as short
Binance XPTUSDT	+0.0641%	4h	1,787.9	−0.076%	$4.7M	$5.0M	100x	as long as short
MEXC XPT_USDTshort	+0.0652%	4h	1,787.5	−0.102%	$23.3M	$651K	100x
Extended XPT-USD	+0.0680%	1h	1,784.8	−0.253%	$154K	$699K	10x	as long as short
edgeX XPTUSDC	+0.0696%	4h	1,787.4	−0.108%	$39K	$281K	10x	as long as short
BloFin XPT-USDT	+0.0703%	4h	1,787.5	−0.101%	$96K	$69K	100x	as long as short
Bitget XPTUSDT	+0.0714%	4h	1,785.7	−0.201%	$1.4M	$494K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0840%	4h	1,788.1	−0.068%	$205K	$774K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1101%	8h	1,788.3	−0.056%	$1.0M	$750K	50x	as long as short