Funding you earn now, next payment 02:00 UTC−0.3178%/8h= −348.0% APRpaid last 24h +0.368%
Price spread now: BingX against Lighter−0.079%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$579as in the Funding arb table
Net, price: spread back to 7d avg − costs−$462as in the Price arb table
costs, in and out, $10k−$4664.662% of the position
Funding, last 7 days−1.124%−$112 on $10k
+Price spread, last 4 days (all we have)+0.661%+$66 · spread now −0.079%, 7d avg −0.117%
=Together, before fees−0.463%+ Points / potential airdropLighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.037% dearer against Lighter than usual: you sell high and buy low (spread −0.079% now, against its 7-day average of −0.117%): +$4 on $10k if it goes back. Holding the pair costs −$95 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−1.124% in total) that is about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.124% in total (about -62.7% 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 STONK | 0.3648 | 0.4752 | pay 0.0594% / 1h | 50m 10s | $437K | $580K | 5x |
| Short | BingX STONK-USDT | 0.3645 | 0.1574 | get 0.0787% / 4h | 2h 50m | — | $936K | — |
Lighter STONK
BingX STONK-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
- −$667.38
- Price spread: −0.079% → −0.117%
- $3.73
- Slippage, 4 orders
- −$456.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,129.84
- Costs to cover
- 4.662%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 14 min ago; BingX: live order book, 24 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, 14 min ago | 25.76 bp | 194.9 bp −$195 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 24 min ago | 12.02 bp | 39.6 bp −$40 | 244.4 bp −$2,444 | 1127.5 bp −$112.7K | 1365.7 bp −$682.8K |
STONK on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget STONKUSDT | +0.0164% | 4h | 0.3632 | −0.441% | $369K | $2.7M | 10x | as long as short |
| MEXC STONK_USDT | +0.0176% | 4h | 0.3629 | −0.518% | $853K | $1.1M | 20x | as long as short |
| Gate STONK_USDT | +0.1192% | 4h | 0.3661 | +0.356% | $898K | $1.7M | 10x | as long as short |
| Phoenix STONK | +0.1557% | 1h | 0.3708 | +1.645% | $208K | $249K | 3x | as long as short |
| BingX STONK-USDTshort | +0.1574% | 4h | 0.3645 | −0.079% | — | $936K | — | |
| Bybit STONKUSDT | +0.1646% | 4h | 0.3642 | −0.162% | $1.6M | $6.9M | 5x | as long as short |
| BloFin STONK-USDT | +0.2773% | 4h | 0.3648 | +0.003% | $89K | $236K | 5x | as long as short |
| Lighter STONKlong | +0.4752% | 1h | 0.3648 | long leg | $437K | $580K | 5x | |
| Aster STONKUSDT | +0.5598% | 1h | 0.3651 | +0.081% | $503K | $1.1M | 10x | as long as short |
Bitget STONKUSDT
MEXC STONK_USDT
Gate STONK_USDT
Phoenix STONK
Bybit STONKUSDT
BloFin STONK-USDT
Aster STONKUSDT