Funding you earn now, next payment 00:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.180%
Price spread now: BingX against Lighter−0.396%7-day average −0.216% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$880.884% of the position
Funding, last 7 days−0.439%−$44 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.396%, 7d avg −0.216%
=Together, before fees−0.386%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and BingX is 0.180% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.216%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.439% in total (about -22.9% 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 CC | 0.1186 | 0.1008 | pay 0.0126% / 1h | 9m 19s | $236K | $154K | 5x |
| Short | BingX CC-USDT | 0.1182 | 0.0100 | get 0.0050% / 4h | 9m 19s | — | $6.6M | — |
Lighter CC
BingX CC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$190.68
- Price spread: −0.396% → −0.216%
- −$18.02
- Slippage, 4 orders
- −$78.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$297.07
- Costs to cover
- 0.884%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 51 min ago; BingX: live order book, 2 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, 51 min ago | 8.13 bp | 35.3 bp −$35 | 361.2 bp −$3,612 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.51 bp | 23.3 bp −$23 | 79.1 bp −$791 | 368.2 bp −$36.8K | 1129.7 bp −$564.9K |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3320% | 1h | 0.1169 | −1.458% | $6K | $100 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1181 | −0.437% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1181 | −0.451% | $35K | $38K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1181 | −0.430% | $11.1M | $11.2M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1181 | −0.447% | $10.7M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1183 | −0.278% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1180 | −0.523% | $364K | $214K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1181 | −0.447% | $1.6M | $316K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1182 | −0.337% | $501K | $116K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1182 | −0.337% | $944K | $792K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDTshort | +0.0100% | 4h | 0.1182 | −0.396% | — | $6.6M | — | |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1182 | −0.405% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1180 | −0.503% | $589K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1182 | −0.396% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1180 | −0.492% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1181 | −0.413% | $589K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1182 | −0.335% | $44K | — | 50x | as long as short |
| Hyperliquid CC | +0.0509% | 1h | 0.1184 | −0.219% | $5.5M | $1.3M | 3x | as long as short |
| Lighter CClong | +0.1008% | 1h | 0.1186 | long leg | $236K | $154K | 5x |
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Hyperliquid CC