Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 33.024 | +0.0432 | pay 0.0054% / 1h | 48m 16s | $59K | $107K | 10x | Long Lighter RH+10% pts | |
| SHORT | 33.060 | +0.0120 | get 0.0120% / 8h | 5h 48m | $998K | $1.2M | — | Short BingX |
Price gap+0.109%
Funding gap−0.0312% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.029% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$31−0.0312% /8h now · paid +0.315% over the last 7D
Price−$3spread +0.109% now, avg +0.138% → −0.029% if it goes back
Costs−$330.331% of $10k · taker + slippage, in and out
Result−$5−0.05%+ Points / potential airdropLighter RH: Points live · 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+0.109%
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
/8hSMCI on 21 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest8.8 / 9.5 bp$10k is over 10% of Lighter RH’s open interest.
- Note: Margin at max leverage$1,000 + —Lighter RH 10x, 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: −$9.36Long Lighter RH: 24 payments, −$12.96; short BingX: 3 payments, +$3.60.
- Watch: Gap narrower than usual+0.109% vs +0.138%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$59K vs $998K OILighter RH 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+0.0150%/8h × 21 periods+$31.45
Price spread+0.109% → +0.138% (7d avg)−$2.93
Slippage, 4 orderslive order books−$23.08
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$4.56
Costs to cover0.331%Break-even8.0 days
Slippage: Lighter RH: live order book, 34 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH3.798.8 bp−$953.4 bp−$534doesn’t fitdoesn’t fit
SELL · SHORTBingX1.519.5 bp−$109.5 bp−$9580.9 bp−$8,087838.2 bp−$419.1K
Closing costs about the same again.
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