Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 26.610 | +0.0727 | pay 0.0727% / 8h | 5h 57m | $901K | $1.2M | — | Long BingX | |
| SHORT | 26.570 | +0.0032 | get 0.0004% / 1h | 57m 21s | $280K | $39K | 10x | Short Lighter7d free |
Price gap−0.150%
Funding gap−0.0695% /8h
Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.191% 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−$35−0.0695% /8h now · paid −0.351% over the last 7D
Price−$19spread −0.150% now, avg +0.041% → −0.191% if it goes back
Costs−$1041.039% 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
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.351% in total, about −0.0167%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.150%
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
/8hBMNR on 21 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size12.7 / 73.8 bpAt $10k entering Lighter costs 73.8 bp, fee and slippage, 5.8× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Lighter 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: −$20.85Long BingX: 3 payments, −$21.81; short Lighter: 24 payments, +$0.96.
- Watch: Gap narrower than usual−0.150% vs +0.041%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$280K vs $901K OILighter 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−0.0167%/8h × 21 periods−$35.09
Price spread−0.150% → +0.041% (7d avg)−$19.12
Slippage, 4 orderslive order books−$93.94
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$158.15
Costs to cover1.039%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; Lighter: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX5.6312.7 bp−$1319.0 bp−$19078.5 bp−$7,847507.6 bp−$253.8K
SELL · SHORTLighter5.0773.8 bp−$74doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.