Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,617.7 | +0.0050 | pay 0.0050% / 8h | 3h 02m | $929K | $1.8M | — | Long BingX | |
| SHORT | 1,698.9 | +0.0032 | get 0.0004% / 1h | 2m 37s | $4.2M | $13.2M | 5x | Short Lighter RH |
Price gap+5.017%
Funding gap−0.0018% /8h
The gap pays +$66 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.0018% /8h now · paid −0.028% over the last 7D
Price+$66spread +5.017% now, avg +4.357% → +0.660% if it goes back
Costs−$270.272% of $10k · taker + slippage, in and out
Result+$36+0.36%+ Points / potential airdropLighter RH: Points live · 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+5.017%
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
3 ok · 3 to watch- OK: Fits both order books9.6 / 4.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $2,000BingX —, Lighter RH 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: −$0.54Long BingX: 3 payments, −$1.50; short Lighter RH: 24 payments, +$0.96.
- OK: Entry gap works for you+5.017% vs +4.357%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$929K vs $4.2M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCBingX Yes · Lighter RH 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−0.0013%/8h × 21 periods−$2.78
Price spread+5.017% → +4.357% (7d avg)+$65.99
Slippage, 4 orderslive order books−$17.23
Fee BingX bp × 2 orders−$10.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k+$35.98
Costs to cover0.272%Break-evenfrom the start
Slippage: BingX: live order book, 9 min ago; Lighter RH: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.039.6 bp−$1029.5 bp−$295197.8 bp−$19.8Kdoesn’t fit
SELL · SHORTLighter RH0.654.8 bp−$518.3 bp−$183380.1 bp−$38.0Kdoesn’t fit
Closing costs about the same again.
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