Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.015%
Price spread now: Lighter against BingX+0.331%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days−0.886%−$89 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now +0.331%, 7d avg +0.046%
=Together, before fees−0.615%+ Points / potential airdropLighter: Season 3 · farm board−$62 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: Lighter is 0.285% dearer against BingX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX S-USDT | 0.03933 | 0.0100 | pay 0.0050% / 4h | 2h 56m | — | $6.8M | — |
| Short | Lighter S | 0.03946 | 0.0096 | get 0.0012% / 1h | 56m 22s | $165K | $240K | 5x |
BingX S-USDT
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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: +0.331% → +0.046%
- $28.47
- Slippage, 4 orders
- −$66.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.56
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Lighter: live order book, 26 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 BingX live order book, 11 min ago | 5.03 bp | 23.6 bp −$24 | 64.1 bp −$641 | 444.8 bp −$44.5K | 711.5 bp −$355.7K |
| Sell Lighter live order book, 26 min ago | 12.59 bp | 15.5 bp −$16 | 83.8 bp −$838 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1448% | 1h | 0.03942 | +0.236% | $33K | $33K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.721% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.1185% | 4h | 0.03967 | +0.853% | $618K | $48K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0173% / S +0.0169% | 1h | 0.03938 | +0.120% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03934 | +0.014% | $4 | — | 15x | as long as short |
| 01 Exchange SUSD | −0.0040% | 1h | 0.03930 | −0.076% | $24K | $3K | 5x | as long as short |
| Hyperliquid S | −0.0027% | 1h | 0.03934 | +0.036% | $992K | $974K | 5x | as long as short |
| Aster SUSDT | −0.0023% | 4h | 0.03945 | +0.316% | $43K | $212K | 10x | as long as short |
| Orderly PERP_S_USDC | −0.0022% | 4h | 0.03934 | +0.025% | $101K | $339K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03938 | +0.122% | $607 | — | 150x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
01 Exchange SUSD
Hyperliquid S
Aster SUSDT
Orderly PERP_S_USDC
gTrade (Gains Network) S/USDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.246% | $2K | $37K | 12x | as long as short |
| OKX S-USDT-SWAP | +0.0061% | 4h | 0.03931 | −0.051% | $979K | $8.2M | 20x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.03946 | +0.331% | $165K | $240K | 5x | |
| Binance SUSDT | +0.0100% | 4h | 0.03935 | +0.054% | $5.4M | $25.5M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03930 | −0.076% | $5.6M | $6.7M | 50x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03933 | 0.000% | $322K | $290K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03936 | +0.076% | $3.6M | $2.5M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03932 | −0.025% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03932 | −0.025% | $1.2M | $3.2M | 50x | as long as short |
| BingX S-USDTlong | +0.0100% | 4h | 0.03933 | long leg | — | $6.8M | — | |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03970 | +0.941% | $26K | $476K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03933 | +0.002% | $222K | $890K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0258% | 1h | 0.03939 | +0.153% | $66K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03956 | +0.585% | $201K | $203K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0367% | 1h | 0.03960 | +0.686% | $115K | $288K | 5x | as long as short |
Injective S/USDC PERP
OKX S-USDT-SWAP
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP