Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

USDCHF

RWAAll USDCHF markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
LighterUSDCHF
0.8315−0.0152get 0.0019% / 1h27m 42s$843K$150K25xLong Lighter7d free
SHORT
BingXNCFXUSD2CHF-USDT
0.8326−0.0040pay 0.0040% / 8h2h 27m$963K$1.6M—Short BingX
Price gap+0.138%
Funding gap+0.0112% /8h

Funding pays +$3 a day on $10k, but the gap is 0.112% under its 7d average: −$11 if it goes back, about 3.3 days of funding. At the last 7 days' pace that is about 27 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$69+0.0112% /8h now · paid +0.694% over the last 7D
Price−$11spread +0.138% now, avg +0.251% → −0.112% if it goes back
Costs−$240.244% of $10k · taker + slippage, in and out
Result+$34+0.34%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.138%
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

/8h

USDCHF on 4 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • OK: Fits both order books3.7 / 8.4 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$400 + —
    Lighter 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$3.36Long Lighter: 24 payments, +$4.56; short BingX: 3 payments, −$1.20.
  • Watch: Gap narrower than usual+0.138% vs +0.251%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$843K vs $963K OI
    Lighter sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCLighter No · BingX Yes
    Advanced 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 out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0330%/8h × 21 periods+$69.39
Price spread+0.138% → +0.251% (7d avg)−$11.24
Slippage, 4 orderslive order books−$14.42
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$33.73
Costs to cover0.244%Break-even3.6 days
Slippage: Lighter: live order book, 48 min ago; BingX: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter2.353.7 bp−$411.5 bp−$11549.1 bp−$4,908doesn’t fit
SELL · SHORTBingX3.368.4 bp−$89.2 bp−$9214.4 bp−$1,44038.0 bp−$19.0K

Closing costs about the same again.

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