Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.830 | +0.1037 | pay 0.1037% / 8h | 3h 28m | $949K | $1.2M | — | Long BingX | |
| SHORT | 15.800 | +0.0080 | get 0.0010% / 1h | 28m 16s | $184K | $200K | 10x | Short Lighter RH |
Price gap−0.190%
Funding gap−0.0957% /8h
Both sides work against this direction now: funding costs $29 a day on $10k and the gap is 0.119% 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−$40−0.0957% /8h now · paid −0.400% over the last 7D
Price−$12spread −0.190% now, avg −0.071% → −0.119% if it goes back
Costs−$1191.194% of $10k · taker + slippage, in and out
Result−$171−1.71%+ Points / potential airdropLighter RH: Points live · 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 −0.400% in total, about −0.0191%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.190%
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
/8hSOFI on 10 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size30.2 / 49.0 bpAt $10k entering Lighter RH costs 49.0 bp, fee and slippage, 1.6× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Lighter RH 10x. 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: −$28.71Long BingX: 3 payments, −$31.11; short Lighter RH: 24 payments, +$2.40.
- Watch: Gap narrower than usual−0.190% vs −0.071%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$184K vs $949K 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: 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−0.0191%/8h × 21 periods−$40.03
Price spread−0.190% → −0.071% (7d avg)−$11.88
Slippage, 4 orderslive order books−$109.43
Fee BingX bp × 2 orders−$10.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$171.34
Costs to cover1.194%Break-evennever at this rate
Slippage: BingX: live order book, 7 min ago; Lighter RH: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX12.6830.2 bp−$3091.4 bp−$914637.6 bp−$63.8K1141.9 bp−$571.0K
SELL · SHORTLighter RH7.9549.0 bp−$49doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-25 16:59 | Paragon | Other | SoFi opened crypto transfers to outside wallets, with bank custody and a fixed network fee. $SOFI trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗ |
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