Funding you earn now, next payment 04:00 UTC−0.0668%/8h= −73.1% APRpaid last 24h −0.154%
Price spread now: Lighter against BingX−0.259%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days+0.279%+$28 · spread now −0.259%, 7d avg −0.014%
=Together, before fees+0.065%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.245% cheaper against BingX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% 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 | BingX USELESS-USDT | 0.2546 | 0.0764 | pay 0.0382% / 4h | 53m 47s | — | $5.3M | — |
| Short | Lighter USELESS | 0.2539 | 0.0096 | get 0.0012% / 1h | 53m 47s | $1.2M | $1.2M | 3x |
BingX USELESS-USDT
Lighter USELESSFunding 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
- −$140.28
- Price spread: −0.259% → −0.014%
- −$24.53
- Slippage, 4 orders
- −$60.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$234.85
- Costs to cover
- 0.700%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Lighter: 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 BingX live order book, 11 min ago | 4.63 bp | 19.5 bp −$19 | 67.7 bp −$677 | 477.5 bp −$47.8K | 1396.7 bp −$698.4K |
| Sell Lighter live order book, 2 min ago | 3.73 bp | 23.7 bp −$24 | 107.6 bp −$1,076 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSshort | +0.0096% | 1h | 0.2539 | −0.259% | $1.2M | $1.2M | 3x | |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2547 | +0.047% | $11.6M | $22.6M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2541 | −0.169% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2536 | −0.373% | $6.4M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2543 | −0.118% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2541 | −0.196% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2535 | −0.405% | $17K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2538 | −0.306% | $556K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0210% | 4h | 0.2546 | +0.024% | $8.8M | $62.4M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2541 | −0.189% | $9K | — | 3x | as long as short |
Hyperliquid USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0242% | 4h | 0.2540 | −0.208% | $4.6M | $10.6M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0473% | 1h | 0.2549 | +0.134% | $33K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0476% | 4h | 0.2541 | −0.165% | $4.9M | $10.4M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0546% | 4h | 0.2552 | +0.237% | $19K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0550% | 4h | 0.2543 | −0.102% | $10.1M | $6.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0550% | 4h | 0.2544 | −0.058% | $21.2M | $122.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0552% | 1h | 0.2543 | −0.099% | $112K | $1.2M | 5x | as long as short |
| Aster USELESSUSDT | +0.0709% | 4h | 0.2539 | −0.267% | $503K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0752% | 4h | 0.2544 | −0.079% | $24.4M | $48.6M | 13x | as long as short |
| BingX USELESS-USDTlong | +0.0764% | 4h | 0.2546 | long leg | — | $5.3M | — | |
| Variational Omni USELESS | +0.0899% | 4h | 0.2557 | +0.445% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1030% | 4h | 0.2544 | −0.075% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1342% | 4h | 0.2542 | −0.134% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2708 | +6.387% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Aster USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP