Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG187.08+0.0406pay 0.0406% / 8h7h 58m$944K$7.3M—Long BingX
SHORT187.07−0.0056pay 0.0007% / 1h58m 36s$664K$2.3M10xShort Lighter7d free
Price gap−0.003%
Funding gap−0.0462% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 7 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$4−0.0462% /8h now · paid +0.045% over the last 7D
Price+$4spread −0.003% now, avg −0.046% → +0.042% if it goes back
Costs−$160.159% of $10k · taker + slippage, in and out
Result−$7−0.07%+ 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 +0.045% in total, about +0.0021%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.003%
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

/8h

COIN on 29 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • OK: Fits both order books7.2 / 1.9 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage— + $1,000
    BingX —, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$13.86Long BingX: 3 payments, −$12.18; short Lighter: 24 payments, −$1.68.
  • OK: Entry gap works for you−0.003% vs −0.046%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$664K vs $944K OI
    Lighter sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCBingX Yes · Lighter No
    Advanced 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 out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0021%/8h × 21 periods+$4.49
Price spread−0.003% → −0.046% (7d avg)+$4.25
Slippage, 4 orderslive order books−$5.91
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$7.17
Costs to cover0.159%Break-even18.2 days
Slippage: BingX: live order book, 14 min ago; Lighter: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX0.277.2 bp−$711.1 bp−$11127.7 bp−$2,771231.7 bp−$115.8K
SELL · SHORTLighter0.941.9 bp−$23.9 bp−$39doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →
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09-21 13:35gTrade (Gains Network)Listingnew market COIN/USD ($COIN) seen by our collector
09-18 17:30Vest MarketsOther$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗