Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%
Price spread now: BingX against Lighter+0.036%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$510.514% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.036%, 7d avg −0.014%
=Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.050% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9985 | 0.0096 | pay 0.0012% / 1h | 14m 32s | $160K | $348K | 5x |
| Short | BingX FIL-USDC | 0.9989 | 0.0100 | get 0.0100% / 8h | 7h 14m | — | $6.5M | — |
Lighter FIL
BingX FIL-USDCFunding 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
- $0.84
- Price spread: +0.036% → −0.014%
- $5.03
- Slippage, 4 orders
- −$41.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$45.51
- Costs to cover
- 0.514%
- Break-even
- 386.3 days
Slippage from Lighter: live order book, 50 min ago; BingX: live order book, 6 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, 50 min ago | 6.30 bp | 16.0 bp −$16 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.01 bp | 7.6 bp −$8 | 30.7 bp −$307 | 192.7 bp −$19.3K | 646.3 bp −$323.2K |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9990 | +0.046% | $320K | $1.8M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9996 | +0.105% | $1.4M | $2.4M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0250% | 1h | 0.9997 | +0.116% | $172K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0038% | 8h | 0.9995 | +0.096% | $18.2M | $97.9M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0036% | 8h | 0.9991 | +0.056% | $7.5M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9990 | +0.045% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9990 | +0.049% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9987 | +0.015% | $698K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0033% | 8h | 0.9987 | +0.016% | $57.8M | $177.6M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.306% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0067% | 8h | 0.9990 | +0.046% | $247K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0076% | 8h | 0.9985 | −0.004% | $11.0M | $21.2M | 75x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9985 | long leg | $160K | $348K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9991 | +0.059% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9998 | +0.131% | $509K | $566K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9996 | +0.106% | $15.6M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9994 | +0.086% | $8.3M | $16.3M | 50x | as long as short |
| BingX FIL-USDCshort | +0.0100% | 8h | 0.9989 | +0.036% | — | $6.5M | — | |
| Variational Omni FIL | +0.0100% | 8h | 0.9967 | −0.180% | $449K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9946 | −0.398% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9948 | −0.375% | $296K | $837K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | −0.355% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9999 | +0.131% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | +0.046% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9989 | +0.036% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9997 | +0.116% | $639K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | +0.046% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0126% | 8h | 0.9993 | +0.076% | $2.7M | $592K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0544% / S −0.0538% | 1h | 0.9988 | +0.028% | $199K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]