Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 190.64 | −0.0050 | get 0.0050% / 8h | 5h 57m | $949K | $1.3M | — | Long BingX | |
| SHORT | 190.30 | +0.0032 | get 0.0004% / 1h | 57m 22s | $47K | $1.0M | 10x | Short Lighter7d free |
Price gap−0.178%
Funding gap+0.0082% /8h
Funding pays +$2 a day on $10k, but the gap is 0.120% under its 7d average: −$12 if it goes back, about 4.9 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$22+0.0082% /8h now · paid +0.216% over the last 7D
Price−$12spread −0.178% now, avg −0.058% → −0.120% if it goes back
Costs−$420.422% of $10k · taker + slippage, in and out
Result−$33−0.33%+ 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−0.178%
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
/8hMRNA on 23 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size17.1 / 2.8 bpAt $10k entering BingX costs 17.1 bp, fee and slippage, 6.2× Lighter’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: +$2.46Long BingX: 3 payments, +$1.50; short Lighter: 24 payments, +$0.96.
- Watch: Gap narrower than usual−0.178% vs −0.058%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$47K vs $949K 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+0.0103%/8h × 21 periods+$21.65
Price spread−0.178% → −0.058% (7d avg)−$11.99
Slippage, 4 orderslive order books−$32.17
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$32.52
Costs to cover0.422%Break-even17.5 days
Slippage: BingX: live order book, 4 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.1517.1 bp−$1758.4 bp−$584106.0 bp−$10.6K802.6 bp−$401.3K
SELL · SHORTLighter1.842.8 bp−$329.0 bp−$290223.7 bp−$22.4Kdoesn’t fit
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | Biotech. $LLY — orals expanding the market, or trading injectable economics for cash-pay economics? $MRNA — Intismeran turns a per-patient therapy into a real franchise, or the readout bought optionality the balance sheet still has to finance? @verantaxyz on X ↗ |
Avantis