Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,665.1 | +0.0352 | pay 0.0044% / 1h | 36m 39s | $1.4M | $201K | 5x | Long Lighter7d free | |
| SHORT | 1,618.1 | +0.0050 | get 0.0050% / 8h | 6h 36m | $929K | $1.7M | — | Short BingX |
Price gap−2.823%
Funding gap−0.0302% /8h
The gap pays +$304 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 34 days.
Funding on this pair paid 0.082% 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+$8−0.0302% /8h now · paid +0.082% over the last 7D
Price+$304spread −2.823% now, avg −5.862% → +3.038% if it goes back
Costs−$750.751% of $10k · taker + slippage, in and out
Result+$237+2.37%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.082% in total, about +0.0039%/8h on average.
Price and funding
1h · loading 5m…Entry / ExitBingX: thin, under $1M open interest
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−2.823%
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- Watch: Thin at this size37.8 / 5.7 bpAt $10k entering Lighter costs 37.8 bp, fee and slippage, 6.7× BingX’s.
- Note: Margin at max leverage$2,000 + —Lighter 5x, 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: −$9.06Long Lighter: 24 payments, −$10.56; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you−2.823% vs −5.862%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: 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+0.0039%/8h × 21 periods+$8.18
Price spread−2.823% → −5.862% (7d avg)+$303.84
Slippage, 4 orderslive order books−$65.13
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$236.89
Costs to cover0.751%Break-evenfrom the start
Slippage: Lighter: live order book, 4 min ago; BingX: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.5437.8 bp−$384568.9 bp−$45.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.035.7 bp−$625.1 bp−$251184.5 bp−$18.5Kdoesn’t fit
Closing costs about the same again.
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