Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.7128 | +0.0064 | pay 0.0008% / 1h | 11m 23s | $335K | $413K | 10x | Long Lighter7d free | |
| SHORT | 8.6760 | +0.0050 | get 0.0050% / 8h | 4h 11m | $943K | $1.2M | — | Short BingX |
Price gap−0.422%
Funding gap−0.0014% /8h
Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.041% 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−$40−0.0014% /8h now · paid −0.405% over the last 7D
Price−$4spread −0.422% now, avg −0.382% → −0.041% if it goes back
Costs−$1131.132% of $10k · taker + slippage, in and out
Result−$158−1.58%+ 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−0.422%
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
/8hBB on 11 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size29.9 / 25.4 bpAt $10k entering Lighter costs 29.9 bp, fee and slippage, 1.2× BingX’s.
- Note: Margin at max leverage$1,000 + —Lighter 10x, 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: −$0.42Long Lighter: 24 payments, −$1.92; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual−0.422% vs −0.382%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$335K vs $943K 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−0.0193%/8h × 21 periods−$40.47
Price spread−0.422% → −0.382% (7d avg)−$4.08
Slippage, 4 orderslive order books−$103.15
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$157.70
Costs to cover1.132%Break-evennever at this rate
Slippage: Lighter: live order book, 57 min ago; BingX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter26.9329.9 bp−$3038.5 bp−$385doesn’t fitdoesn’t fit
SELL · SHORTBingX6.3325.4 bp−$2582.4 bp−$824782.1 bp−$78.2K1175.0 bp−$587.5K
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | BB/USD no longer reported ($BB) seen by our collector |
| 09-24 17:30 | Vest Markets | Other | Trade $BB post-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-24 17:30 | Vest Markets | Other | $BB reported Q2 FY27 revenue of $163.3M, up 26% YoY, with adjusted EPS of $0.07 versus the $0.04 expected. On the day, $BB is up around 3%, with the raised full-year outlook weighed against a Q3 guide of $143M to $154M, below the $149.6M consensus. → Revenue: $163.3M versus the $145.6M consensus → FY27 revenue now guided to $616M to $636M, from $594M to $621M QNX revenue rose 27% to a record $80.3M, with the Coretura design win for the Volvo Group and Daimler Truck venture adding more than $100M to the royalty backlog. @VestExchange on X ↗ |
| 09-24 01:03 | Bitget | Other | All eyes on today’s $BB earnings, with QNX growth, Secure Communications demand and full-year guidance set to drive the market reaction. @bitget on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market BB/USD ($BB) seen by our collector |
| 09-18 16:42 | Backpack | Other | Earnings to watch for the week of September 21. ▸ Consumer: $COST $AZO $DRI $GIS ▸ Business services: $CTAS $PAYX ▸ Technology: $SNX $BB Full earnings calendar → @Backpack on X ↗ |


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