Funding you earn now, next payment 00:00 UTC−0.6546%/8h= −716.8% APRpaid last 24h −0.049%
Price spread now: BingX against Lighter−0.201%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1401.405% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.201%, 7d avg −0.042%
=Together, before fees+0.164%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$196 a day on $10k at the current rate, and BingX is 0.159% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% 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 PROVE | 0.2391 | −0.2752 | get 0.0344% / 1h | 7m 01s | $83K | $132K | 3x |
| Short | BingX PROVE-USDT | 0.2386 | −0.9298 | pay 0.4649% / 4h | 7m 01s | — | $2.5M | — |
Lighter PROVE
BingX PROVE-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
- −$1,374.66
- Price spread: −0.201% → −0.042%
- −$15.9
- Slippage, 4 orders
- −$130.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,531.02
- Costs to cover
- 1.405%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 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, 53 min ago | 36.41 bp | 47.0 bp −$47 | 219.4 bp −$2,194 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 8.35 bp | 24.7 bp −$25 | 80.1 bp −$801 | 683.4 bp −$68.3K | 1229.7 bp −$614.9K |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.9767% | 4h | 0.2391 | +0.008% | $2.1M | $10.2M | 25x | as long as short |
| BingX PROVE-USDTshort | −0.9298% | 4h | 0.2386 | −0.201% | — | $2.5M | — | |
| Variational Omni PROVE | −0.8192% | 4h | 0.2387 | −0.153% | $28K | $46K | — | as long as short |
| Binance PROVEUSDT | −0.7162% | 4h | 0.2381 | −0.420% | $3.4M | $36.2M | 75x | as long as short |
| MEXC PROVE_USDT | −0.7162% | 4h | 0.2381 | −0.410% | $294K | $403K | 20x | as long as short |
| Hyperliquid PROVE | −0.7061% | 1h | 0.2383 | −0.326% | $353K | $919K | 3x | as long as short |
| OKX PROVE-USDT-SWAP | −0.6868% | 4h | 0.2382 | −0.368% | $608K | $8.1M | 20x | as long as short |
| Gate PROVE_USDT | −0.6742% | 4h | 0.2388 | −0.117% | $215K | $1.0M | 75x | as long as short |
| Aster PROVEUSDT | −0.6635% | 4h | 0.2390 | −0.033% | $46K | $269K | 5x | as long as short |
| GRVT PROVE_USDT_Perp | −0.6526% | 4h | 0.2390 | −0.033% | $222K | $2.5M | 10x | as long as short |
Bybit PROVEUSDT
Variational Omni PROVE
Binance PROVEUSDT
MEXC PROVE_USDT
Hyperliquid PROVE
OKX PROVE-USDT-SWAP
Gate PROVE_USDT
Aster PROVEUSDT
GRVT PROVE_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.6460% | 4h | 0.2382 | −0.368% | $666K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.6230% | 4h | 0.2387 | −0.138% | $2.9M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDT | −0.2995% | 1h | 0.2387 | −0.155% | $52K | $333K | 50x | as long as short |
| Lighter PROVElong | −0.2752% | 1h | 0.2391 | long leg | $83K | $132K | 3x |
Bitget PROVEUSDT
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDT