Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 246.14 | +0.0056 | pay 0.0007% / 1h | 36m 34s | $607K | $649K | 20x | Long Lighter7d free | |
| SHORT | 246.27 | +0.0119 | get 0.0119% / 8h | 4h 36m | $920K | $6.8M | — | Short BingX |
Price gap+0.052%
Funding gap+0.0063% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.021% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$22+0.0063% /8h now · paid +0.222% over the last 7D
Price+$2spread +0.052% now, avg +0.032% → +0.021% if it goes back
Costs−$140.142% of $10k · taker + slippage, in and out
Result+$10+0.10%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.052%
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
/8hAMZN on 31 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books2.1 / 5.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + —Lighter 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.89Long Lighter: 24 payments, −$1.68; short BingX: 3 payments, +$3.57.
- OK: Entry gap works for you+0.052% vs +0.032%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$607K vs $920K OILighter 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+0.0106%/8h × 21 periods+$22.18
Price spread+0.052% → +0.032% (7d avg)+$2.08
Slippage, 4 orderslive order books−$4.18
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$10.09
Costs to cover0.142%Break-even3.8 days
Slippage: Lighter: live order book, 37 min ago; BingX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.852.1 bp−$25.8 bp−$58doesn’t fitdoesn’t fit
SELL · SHORTBingX0.415.5 bp−$56.1 bp−$6119.1 bp−$1,910126.7 bp−$63.3K
Closing costs about the same again.
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