Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 190.43 | +0.0032 | pay 0.0004% / 1h | 41m 38s | $49K | $1.0M | 10x | Long Lighter7d free | |
| SHORT | 190.74 | −0.0031 | pay 0.0031% / 8h | 6h 41m | $949K | $1.3M | — | Short BingX |
Price gap+0.163%
Funding gap−0.0063% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 5.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0063% /8h now · paid −0.216% over the last 7D
Price+$10spread +0.163% now, avg +0.058% → +0.104% if it goes back
Costs−$440.438% of $10k · taker + slippage, in and out
Result−$55−0.55%+ 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+0.163%
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
2 ok · 4 to watch- Watch: Thin at this size4.1 / 20.4 bpAt $10k entering BingX costs 20.4 bp, fee and slippage, 4.9× Lighter’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: −$1.89Long Lighter: 24 payments, −$0.96; short BingX: 3 payments, −$0.93.
- OK: Entry gap works for you+0.163% vs +0.058%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$49K 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: 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−0.0103%/8h × 21 periods−$21.65
Price spread+0.163% → +0.058% (7d avg)+$10.44
Slippage, 4 orderslive order books−$33.83
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$55.05
Costs to cover0.438%Break-evennever at this rate
Slippage: Lighter: live order book, 1 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter2.634.1 bp−$443.9 bp−$439221.3 bp−$22.1Kdoesn’t fit
SELL · SHORTBingX3.4120.4 bp−$2048.0 bp−$480154.6 bp−$15.5K766.3 bp−$383.2K
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