Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5622 | +0.0088 | pay 0.0011% / 1h | 24m 29s | $258K | $50K | 25x | Long Lighter7d free | |
| SHORT | 0.5614 | +0.0040 | get 0.0040% / 8h | 2h 24m | $954K | $1.4M | — | Short BingX |
Price gap−0.137%
Funding gap−0.0048% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 2.7 days. At the last 7 days' pace that is about 15 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$45−0.0048% /8h now · paid −0.455% over the last 7D
Price+$4spread −0.137% now, avg −0.176% → +0.039% if it goes back
Costs−$380.378% of $10k · taker + slippage, in and out
Result−$79−0.79%+ 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−0.137%
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
/8hNZD on 6 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books13.5 / 5.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + —Lighter 25x, 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: −$1.44Long Lighter: 24 payments, −$2.64; short BingX: 3 payments, +$1.20.
- OK: Entry gap works for you−0.137% vs −0.176%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$258K vs $954K 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−0.0216%/8h × 21 periods−$45.45
Price spread−0.137% → −0.176% (7d avg)+$3.92
Slippage, 4 orderslive order books−$27.80
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$79.32
Costs to cover0.378%Break-evennever at this rate
Slippage: Lighter: live order book, 30 min ago; BingX: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter12.8213.5 bp−$1421.6 bp−$21664.0 bp−$6,404doesn’t fit
SELL · SHORTBingX0.185.4 bp−$58.8 bp−$8834.7 bp−$3,469doesn’t fit
Closing costs about the same again.