Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.0380 | +0.0630 | pay 0.0315% / 4h | 3m 42s | $979K | $2.5M | — | Long BingX | |
| SHORT | 3.0366 | +0.0032 | get 0.0004% / 1h | 3m 42s | $1.2M | $724K | 10x | Short Lighter7d free |
Price gap−0.046%
Funding gap−0.0598% /8h
Both sides work against this direction now: funding costs $18 a day on $10k and the gap is 0.045% 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−$63−0.0598% /8h now · paid −0.630% over the last 7D
Price−$4spread −0.046% now, avg −0.001% → −0.045% if it goes back
Costs−$400.395% of $10k · taker + slippage, in and out
Result−$107−1.07%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.046%
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
/8hNATGAS on 26 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size8.3 / 18.7 bpAt $10k entering Lighter costs 18.7 bp, fee and slippage, 2.3× 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 differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$17.94Long BingX: 6 payments, −$18.90; short Lighter: 24 payments, +$0.96.
- Watch: Gap narrower than usual−0.046% vs −0.001%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$979K vs $1.2M OIBingX 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−0.0300%/8h × 21 periods−$63.04
Price spread−0.046% → −0.001% (7d avg)−$4.46
Slippage, 4 orderslive order books−$29.53
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$107.03
Costs to cover0.395%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; Lighter: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.288.3 bp−$811.6 bp−$11623.9 bp−$2,38776.3 bp−$38.2K
SELL · SHORTLighter2.3018.7 bp−$1924.1 bp−$241doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NATGAS/USD no longer reported ($NATGAS) seen by our collector |
| 09-17 19:02 | tradeXYZ | Other | CVX references 1 share of Chevron Corporation common stock (NYSE: CVX), quoted in USD. Chevron produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. @tradexyz on X ↗ |
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