Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 350.15 | +0.0745 | pay 0.0745% / 8h | 4h 04m | $986K | $2.9M | — | Long BingX | |
| SHORT | 349.91 | +0.0128 | get 0.0016% / 1h | 4m 54s | $1.1M | $1.9M | 20x | Short Lighter7d free |
Price gap−0.069%
Funding gap−0.0617% /8h
Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.042% 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−$46−0.0617% /8h now · paid −0.457% over the last 7D
Price−$4spread −0.069% now, avg −0.027% → −0.042% if it goes back
Costs−$120.119% of $10k · taker + slippage, in and out
Result−$62−0.62%+ Points / potential airdropLighter: Season 3 · 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−0.069%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books5.4 / 0.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $500BingX —, Lighter 20x. 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: −$18.51Long BingX: 3 payments, −$22.35; short Lighter: 24 payments, +$3.84.
- Watch: Gap narrower than usual−0.069% vs −0.027%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$986K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCBingX Yes · Lighter 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−0.0218%/8h × 21 periods−$45.68
Price spread−0.069% → −0.027% (7d avg)−$4.15
Slippage, 4 orderslive order books−$1.93
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$61.77
Costs to cover0.119%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Lighter: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.285.4 bp−$57.9 bp−$7916.4 bp−$1,64480.9 bp−$40.4K
SELL · SHORTLighter0.140.2 bp$01.9 bp−$19doesn’t fitdoesn’t fit
Closing costs about the same again.
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