Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.691 | +0.0032 | pay 0.0004% / 1h | 9m 31s | $169K | $182K | 10x | Long Lighter RH | |
| SHORT | 15.730 | +0.0897 | get 0.0897% / 8h | 4h 09m | $949K | $1.2M | — | Short BingX |
Price gap+0.249%
Funding gap+0.0865% /8h
Both sides work: funding pays +$26 a day on $10k, and the gap is 0.178% above its 7d average: +$18 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$40+0.0865% /8h now · paid +0.400% over the last 7D
Price+$18spread +0.249% now, avg +0.070% → +0.178% if it goes back
Costs−$750.749% of $10k · taker + slippage, in and out
Result−$17−0.17%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above 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+0.249%
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
2 ok · 4 to watch- Watch: Thin at this size6.1 / 27.3 bpAt $10k entering BingX costs 27.3 bp, fee and slippage, 4.5× Lighter RH’s.
- 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: +$25.95Long Lighter RH: 24 payments, −$0.96; short BingX: 3 payments, +$26.91.
- OK: Entry gap works for you+0.249% vs +0.070%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$169K 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: 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+0.0191%/8h × 21 periods+$40.02
Price spread+0.249% → +0.070% (7d avg)+$17.83
Slippage, 4 orderslive order books−$64.85
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$17.00
Costs to cover0.749%Break-even10.0 days
Slippage: Lighter RH: live order book, 57 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH6.096.1 bp−$639.8 bp−$398doesn’t fitdoesn’t fit
SELL · SHORTBingX22.2927.3 bp−$2789.0 bp−$890223.6 bp−$22.4K869.1 bp−$434.5K
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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