Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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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Funding arb · Price arb / RWA

NZD

RWAAll NZD markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCFXNZD2USD-USDT
0.5612+0.0040pay 0.0040% / 8h3h 23m$954K$1.4M—Long BingX
SHORT
LighterNZDUSD
0.5621+0.0288get 0.0036% / 1h23m 33s$258K$50K25xShort Lighter7d free
Price gap+0.157%
Funding gap+0.0248% /8h

Funding trade: +$7 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$45+0.0248% /8h now · paid +0.451% over the last 7D
Price−$2spread +0.157% now, avg +0.176% → −0.019% if it goes back
Costs−$180.182% of $10k · taker + slippage, in and out
Result+$25+0.25%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.157%
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

NZD on 6 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • OK: Fits both order books5.4 / 3.3 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage— + $400
    BingX —, Lighter 25x. 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: +$7.44Long BingX: 3 payments, −$1.20; short Lighter: 24 payments, +$8.64.
  • Note: Gap at its usual level+0.157% vs +0.176%
    The price leg adds little either way.
  • Watch: Short leg is thinner$258K vs $954K 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+0.0215%/8h × 21 periods+$45.08
Price spread+0.157% → +0.176% (7d avg)−$1.94
Slippage, 4 orderslive order books−$8.24
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$24.90
Costs to cover0.182%Break-even3.1 days
Slippage: BingX: live order book, 1 min ago; Lighter: live order book, 36 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX0.185.4 bp−$58.3 bp−$8334.4 bp−$3,438doesn’t fit
SELL · SHORTLighter1.963.3 bp−$311.1 bp−$11149.4 bp−$4,938doesn’t fit

Closing costs about the same again.

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