Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 98.764 | 0 | 0.0000% / 1h | 42m 27s | $851K | $824K | 10x | Long Lighter7d free | |
| SHORT | 98.950 | −0.0236 | pay 0.0236% / 8h | 3h 42m | $972K | $2.9M | — | Short BingX |
Price gap+0.188%
Funding gap−0.0236% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.023% under its 7d average. Swap the legs.
Funding on this pair paid 0.157% 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+$16−0.0236% /8h now · paid +0.157% over the last 7D
Price−$2spread +0.188% now, avg +0.212% → −0.023% if it goes back
Costs−$3433.429% of $10k · taker + slippage, in and out
Result−$329−3.29%+ 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 +0.157% in total, about +0.0075%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.188%
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
/8hSTRC on 16 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books6.3 / 8.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + —Lighter 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: −$7.08Long Lighter: 24 payments, $0.00; short BingX: 3 payments, −$7.08.
- Watch: Gap narrower than usual+0.188% vs +0.212%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$851K vs $972K OILighter 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+0.0075%/8h × 21 periods+$15.75
Price spread+0.188% → +0.212% (7d avg)−$2.35
Slippage, 4 orderslive order books−$332.85
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$329.45
Costs to cover3.429%Break-even153.4 days
Slippage: Lighter: live order book, 27 min ago; BingX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter6.276.3 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX1.528.8 bp−$920.6 bp−$20666.2 bp−$6,622483.8 bp−$241.9K
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | Advanced tech. $NOW — Agentic AI is the growth engine, or the thing that eats the seat model and the gross margin with it? $RKLB — Neutron flies and re-rates the whole company, or a space-systems manufacturer priced on a rocket that keeps slipping? $STRC — a yield instrument that already broke par once, or credit the ATM engine can still refinance? @verantaxyz on X ↗ |
Avantis