Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,148.1 | +0.0032 | pay 0.0004% / 1h | 8m 40s | $6.7M | $29.5M | 5x | Long Lighter RH | |
| SHORT | 2,056.3 | +0.0050 | get 0.0050% / 8h | 4h 08m | $934K | $1.7M | — | Short BingX |
Price gap−4.276%
Funding gap+0.0018% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
Funding on this pair cost 0.162% 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−$16+0.0018% /8h now · paid −0.162% over the last 7D
Price−$1spread −4.276% now, avg −4.265% → −0.011% if it goes back
Costs−$170.174% of $10k · taker + slippage, in and out
Result−$35−0.35%+ Points / potential airdropLighter RH: Points live · 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−4.276%
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 · 3 to watch- OK: Fits both order books2.9 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + —Lighter RH 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 RH: 24 payments, −$0.96; short BingX: 3 payments, +$1.50.
- Note: Gap at its usual level−4.276% vs −4.265%The price leg adds little either way.
- Watch: Short leg is thinner$934K vs $6.7M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCLighter RH 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−0.0077%/8h × 21 periods−$16.22
Price spread−4.276% → −4.265% (7d avg)−$1.05
Slippage, 4 orderslive order books−$7.41
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$34.68
Costs to cover0.174%Break-evennever at this rate
Slippage: Lighter RH: live order book, 4 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH0.232.9 bp−$319.0 bp−$190doesn’t fitdoesn’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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