Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,698.3 | +0.0032 | pay 0.0004% / 1h | 29m 10s | $4.2M | $12.8M | 5x | Long Lighter RH | |
| SHORT | 1,616.3 | +0.0050 | get 0.0050% / 8h | 2h 29m | $929K | $1.8M | — | Short BingX |
Price gap−4.831%
Funding gap+0.0018% /8h
Funding pays +$1 a day on $10k, but the gap is 0.647% under its 7d average: −$65 if it goes back, about 4 months of funding.
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−$65spread −4.831% now, avg −4.184% → −0.647% if it goes back
Costs−$250.251% of $10k · taker + slippage, in and out
Result−$87−0.87%+ 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−4.831%
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 books3.1 / 8.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + —Lighter RH 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: +$0.54Long Lighter RH: 24 payments, −$0.96; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual−4.831% vs −4.184%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short 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: KYCLighter RH 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+0.0013%/8h × 21 periods+$2.78
Price spread−4.831% → −4.184% (7d avg)−$64.69
Slippage, 4 orderslive order books−$15.07
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$86.98
Costs to cover0.251%Break-even226.0 days
Slippage: Lighter RH: live order book, 3 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH0.943.1 bp−$336.0 bp−$360doesn’t fitdoesn’t fit
SELL · SHORTBingX0.038.3 bp−$811.0 bp−$11081.4 bp−$8,136doesn’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