Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,034.1 | +0.0050 | pay 0.0050% / 8h | 4h 50m | $934K | $1.7M | — | Long BingX | |
| SHORT | 2,124.1 | +0.0032 | get 0.0004% / 1h | 50m 50s | $1.8M | $591K | 5x | Short Lighter7d free |
Price gap+4.426%
Funding gap−0.0018% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.228% under its 7d average. Swap the legs.
Funding on this pair paid 0.098% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10−0.0018% /8h now · paid +0.098% over the last 7D
Price−$23spread +4.426% now, avg +4.654% → −0.228% if it goes back
Costs−$370.367% of $10k · taker + slippage, in and out
Result−$50−0.50%+ 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+4.426%
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
/8hANTHROPIC on 23 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books7.1 / 1.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $2,000BingX —, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.54Long BingX: 3 payments, −$1.50; short Lighter: 24 payments, +$0.96.
- Watch: Gap narrower than usual+4.426% vs +4.654%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$934K vs $1.8M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCBingX Yes · Lighter NoAdvanced 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+0.0047%/8h × 21 periods+$9.79
Price spread+4.426% → +4.654% (7d avg)−$22.80
Slippage, 4 orderslive order books−$26.68
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$49.68
Costs to cover0.367%Break-even42.5 days
Slippage: BingX: live order book, 5 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.647.1 bp−$710.6 bp−$10680.8 bp−$8,083805.6 bp−$402.8K
SELL · SHORTLighter0.471.8 bp−$255.3 bp−$553doesn’t fitdoesn’t fit
Closing costs about the same again.
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