Funding arb · Price arb /

XPT

RWAall XPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h +0.046%

Price spread now: Lighter against MEXC+0.137%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$34 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.137%, 7d avg +0.066%

Together, before fees+0.217%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.071% dearer against MEXC than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.066%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.335%, 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 XPT_USDT	1,793.5	0.1054	pay 0.0527% / 4h	3h 40m	$23.5M	$600K	100x
Short	Lighter XPT	1,795.9	0.0840	get 0.0105% / 1h	40m 23s	$355K	$19K	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 +0.137%Rate

Funding earned: −$44.94
Price spread: +0.137% → +0.066%: $7.11
Slippage, 4 orders: −$33.85
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$71.68
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 4 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	10.26 bp	10.3 bp −$10	13.0 bp −$130	70.8 bp −$7,083	242.6 bp −$121.3K
Sell Lighter live order book, 4 min ago	1.95 bp	8.0 bp −$8	18.4 bp −$184	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	1,794.3	+0.045%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,790.7	−0.156%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,791.4	−0.114%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,793.3	−0.008%	$13K	$29K	10x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,813.7	+1.126%	$6K	$34K	52x	as long as short
Aevo PLATINUM-PERP	+0.0296%	1h	1,795.1	+0.092%	$305	—	10x	as long as short
tradeXYZ xyz:PLATINUM	+0.0423%	1h	1,792.8	−0.036%	$3.6M	$1.0M	20x	as long as short
KuCoin XPTUSDTM	+0.0706%	4h	1,793.9	+0.022%	$248K	$40K	75x	as long as short
Gate XPT_USDT	+0.0708%	4h	1,795.6	+0.119%	$730K	$509K	100x	as long as short
Paradex XPT-USD-PERP	+0.0840%	8h	1,794.6	+0.062%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPTshort	+0.0840%	1h	1,795.9	+0.137%	$355K	$19K	20x
Aster XPTUSDT	+0.0992%	4h	1,793.2	−0.012%	$14K	$9K	20x	as long as short
Variational Omni XPT	+0.0999%	4h	1,794.5	+0.057%	$280K	$199K	—	as long as short
edgeX XPTUSDC	+0.1044%	4h	1,795	+0.086%	$39K	$281K	10x	as long as short
MEXC XPT_USDTlong	+0.1054%	4h	1,793.5	long leg	$23.5M	$600K	100x
Binance XPTUSDT	+0.1057%	4h	1,794.8	+0.074%	$4.5M	$4.3M	100x	as long as short
BloFin XPT-USDT	+0.1074%	4h	1,794.9	+0.079%	$89K	$68K	100x	as long as short
OKX XPT-USDT-SWAP	+0.1123%	8h	1,794.8	+0.075%	$950K	$630K	50x	as long as short
Bitget XPTUSDT	+0.1142%	4h	1,793.6	+0.006%	$1.4M	$469K	100x	as long as short
Extended XPT-USD	+0.1152%	1h	1,790.7	−0.152%	$203K	$613K	10x	as long as short
GRVT XPT_USDT_Perp	+0.1322%	4h	1,795.5	+0.112%	$208K	$810K	25x	as long as short