Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 180.40 | +0.0168 | pay 0.0021% / 1h | 39m 14s | $84K | $479K | 10x | Long Lighter7d free | |
| SHORT | 180.54 | +0.0307 | get 0.0307% / 8h | 39m 14s | $916K | $1.8M | — | Short BingX |
Price gap+0.078%
Funding gap+0.0139% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.030% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0139% /8h now · paid +0.041% over the last 7D
Price+$3spread +0.078% now, avg +0.048% → +0.030% if it goes back
Costs−$490.488% of $10k · taker + slippage, in and out
Result−$42−0.42%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.078%
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
/8hCBRS on 27 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest8.3 / 7.6 bp$10k is over 10% of Lighter’s open interest.
- 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: +$4.17Long Lighter: 24 payments, −$5.04; short BingX: 3 payments, +$9.21.
- OK: Entry gap works for you+0.078% vs +0.048%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$84K vs $916K 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+0.0020%/8h × 21 periods+$4.14
Price spread+0.078% → +0.048% (7d avg)+$2.97
Slippage, 4 orderslive order books−$38.84
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$41.73
Costs to cover0.488%Break-even77.5 days
Slippage: Lighter: live order book, 48 min ago; BingX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter8.328.3 bp−$811.4 bp−$114doesn’t fitdoesn’t fit
SELL · SHORTBingX0.287.6 bp−$816.8 bp−$16868.3 bp−$6,830341.5 bp−$170.7K
Closing costs about the same again.
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