Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,602.9 | +0.0050 | pay 0.0050% / 8h | 7h 58m | $929K | $1.8M | — | Long BingX | |
| SHORT | 1,665.1 | +0.0360 | get 0.0045% / 1h | 58m 52s | $1.4M | $256K | 5x | Short Lighter7d free |
Price gap+3.879%
Funding gap+0.0310% /8h
Funding pays +$9 a day on $10k, but the gap is 2.371% under its 7d average: −$237 if it goes back, about 25 days of funding.
Funding on this pair cost 0.080% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8+0.0310% /8h now · paid −0.080% over the last 7D
Price−$237spread +3.879% now, avg +6.250% → −2.371% if it goes back
Costs−$700.704% of $10k · taker + slippage, in and out
Result−$315−3.15%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.080% in total, about −0.0038%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+3.879%
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
/8hOPENAI on 23 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books11.2 / 10.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $2,000BingX —, Lighter 5x. 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: +$9.30Long BingX: 3 payments, −$1.50; short Lighter: 24 payments, +$10.80.
- Watch: Gap narrower than usual+3.879% vs +6.250%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$929K vs $1.4M 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−0.0038%/8h × 21 periods−$8.04
Price spread+3.879% → +6.250% (7d avg)−$237.07
Slippage, 4 orderslive order books−$60.38
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$315.49
Costs to cover0.704%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; Lighter: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.0311.2 bp−$1135.4 bp−$354264.7 bp−$26.5K950.1 bp−$475.0K
SELL · SHORTLighter0.1710.4 bp−$10472.8 bp−$4,728doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 19:00 | Kalshi | Other | JUST IN: SpaceXAI owns the domain to not OpenAI @Kalshi on X ↗ |
| 09-29 17:44 | Kalshi | Other | BREAKING: OpenAI to raise $30 billion at a $1.4 trillion valuation 50% chance they IPO before June 2027 @Kalshi on X ↗ |
| 09-29 17:25 | Kalshi | Other | OpenAI announces always-on AI agents called "dots" 50% chance they IPO before June 2027 @Kalshi on X ↗ |
| 09-29 17:19 | Kalshi | Other | JUST IN: OpenAI introduces "Ultrafast" premium speed tier @Kalshi on X ↗ |
| 09-29 17:10 | Kalshi | Other | JUST IN: OpenAI announces "Dots" @Kalshi on X ↗ |
| 09-29 17:08 | Kalshi | Other | JUST IN: OpenAI rolls out GPT-6.1 Sol in Codex and ChatGPT Work @Kalshi on X ↗ |
Kalshi