Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 146.10 | +0.0032 | pay 0.0004% / 1h | 9m 11s | $396K | $542K | 10x | Long Lighter RH | |
| SHORT | 146.20 | +0.0050 | get 0.0050% / 8h | 4h 09m | $959K | $1.7M | — | Short BingX |
Price gap+0.068%
Funding gap+0.0018% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.637% above its 7d average: +$64 more if it goes back.
Funding on this pair cost 0.151% 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−$15+0.0018% /8h now · paid −0.151% over the last 7D
Price+$64spread +0.068% now, avg −0.569% → +0.637% if it goes back
Costs−$1901.898% of $10k · taker + slippage, in and out
Result−$141−1.41%+ Points / potential airdropLighter RH: Points live · 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+0.068%
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
/8hUSO on 6 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size7.4 / 86.9 bpAt $10k entering BingX costs 86.9 bp, fee and slippage, 11.8× 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: +$0.54Long Lighter RH: 24 payments, −$0.96; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.068% vs −0.569%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$396K vs $959K 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−0.0072%/8h × 21 periods−$15.08
Price spread+0.068% → −0.569% (7d avg)+$63.74
Slippage, 4 orderslive order books−$179.81
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$141.15
Costs to cover1.898%Break-evennever at this rate
Slippage: Lighter RH: live order book, 2 min ago; BingX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH6.847.4 bp−$733.8 bp−$338doesn’t fitdoesn’t fit
SELL · SHORTBingX18.1386.9 bp−$87175.1 bp−$1,751563.1 bp−$56.3K925.7 bp−$462.9K
Closing costs about the same again.
| 09-22 14:39 | Arcus | Other | hormuz headlines → crude moved before the open → USO was our most traded commodity perp in 24h 9:30 wasn't invited @arcus_xyz on X ↗ |
Arcus