Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 109.04 | +0.0428 | pay 0.0428% / 8h | 3h 28m | $939K | $1.3M | — | Long BingX | |
| SHORT | 108.91 | +0.0152 | get 0.0019% / 1h | 28m 52s | $733K | $453K | 10x | Short Lighter RH |
Price gap−0.119%
Funding gap−0.0276% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.091% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$41−0.0276% /8h now · paid −0.409% over the last 7D
Price−$9spread −0.119% now, avg −0.028% → −0.091% if it goes back
Costs−$270.269% of $10k · taker + slippage, in and out
Result−$77−0.77%+ 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−0.119%
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
/8hBABA on 24 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books9.6 / 2.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, Lighter RH 10x. 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: −$8.28Long BingX: 3 payments, −$12.84; short Lighter RH: 24 payments, +$4.56.
- Watch: Gap narrower than usual−0.119% vs −0.028%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$733K vs $939K OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCBingX Yes · Lighter RH 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−0.0195%/8h × 21 periods−$40.86
Price spread−0.119% → −0.028% (7d avg)−$9.15
Slippage, 4 orderslive order books−$16.85
Fee BingX bp × 2 orders−$10.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$76.86
Costs to cover0.269%Break-evennever at this rate
Slippage: BingX: live order book, 8 min ago; Lighter RH: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.849.6 bp−$1019.6 bp−$19661.2 bp−$6,117324.1 bp−$162.0K
SELL · SHORTLighter RH2.302.3 bp−$24.2 bp−$42doesn’t fitdoesn’t fit
Closing costs about the same again.
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