Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,143.5 | +0.0032 | pay 0.0004% / 1h | 8m 56s | $1.8M | $635K | 5x | Long Lighter7d free | |
| SHORT | 2,056.3 | +0.0050 | get 0.0050% / 8h | 4h 08m | $934K | $1.7M | — | Short BingX |
Price gap−4.070%
Funding gap+0.0018% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.379% above its 7d average: +$38 more if it goes back.
Funding on this pair cost 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+$38spread −4.070% now, avg −4.449% → +0.379% if it goes back
Costs−$320.324% of $10k · taker + slippage, in and out
Result−$4−0.04%+ 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−4.070%
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
3 ok · 3 to watch- OK: Fits both order books7.3 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + —Lighter 5x, 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: +$0.54Long Lighter: 24 payments, −$0.96; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you−4.070% vs −4.449%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: 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−0.0047%/8h × 21 periods−$9.79
Price spread−4.070% → −4.449% (7d avg)+$37.90
Slippage, 4 orderslive order books−$22.43
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$4.32
Costs to cover0.324%Break-evenfrom the start
Slippage: Lighter: live order book, 7 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.237.3 bp−$7415.4 bp−$4,154853.9 bp−$85.4Kdoesn’t fit
SELL · SHORTBingX0.586.0 bp−$66.0 bp−$6039.5 bp−$3,945214.5 bp−$107.3K
Closing costs about the same again.
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