Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.7306 | +0.0392 | pay 0.0049% / 1h | 58m 51s | $31.1M | $58.2M | 5x | Long Lighter7d free | |
| SHORT | 2.7203 | +0.0100 | get 0.0050% / 4h | 2h 58m | $970K | $5.3M | — | Short BingX |
Price gap−0.377%
Funding gap−0.0292% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.303% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0292% /8h now · paid +0.020% over the last 7D
Price−$30spread −0.377% now, avg −0.074% → −0.303% if it goes back
Costs−$500.498% of $10k · taker + slippage, in and out
Result−$78−0.78%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.020% in total, about +0.0010%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.377%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLIT on 46 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size15.3 / 17.6 bpAt $10k entering BingX costs 17.6 bp, fee and slippage, 1.2× Lighter’s.
- Note: Margin at max leverage$2,000 + —Lighter 5x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$8.76Long Lighter: 24 payments, −$11.76; short BingX: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.377% vs −0.074%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$970K vs $31.1M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0010%/8h × 21 periods+$2.02
Price spread−0.377% → −0.074% (7d avg)−$30.27
Slippage, 4 orderslive order books−$39.79
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$78.04
Costs to cover0.498%Break-even277.4 days
Slippage: Lighter: live order book, 4 min ago; BingX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.1815.3 bp−$1534.9 bp−$349doesn’t fitdoesn’t fit
SELL · SHORTBingX1.4617.6 bp−$1860.1 bp−$601163.3 bp−$16.3Kdoesn’t fit
Closing costs about the same again.
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