Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,217.7 | +0.0454 | pay 0.0227% / 4h | 2h 15m | $935K | $6.6M | — | Long BingX | |
| SHORT | 1,217.6 | +0.0560 | get 0.0070% / 1h | 15m 10s | $435K | $28K | 20x | Short Lighter7d free |
Price gap−0.006%
Funding gap+0.0106% /8h
Funding pays +$3 a day on $10k, but the gap is 0.059% under its 7d average: −$6 if it goes back, about 44 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$32+0.0106% /8h now · paid +0.323% over the last 7D
Price−$6spread −0.006% now, avg +0.053% → −0.059% if it goes back
Costs−$360.355% of $10k · taker + slippage, in and out
Result−$9−0.09%+ 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−0.006%
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
/8hXPD on 18 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books10.2 / 8.9 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 differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.18Long BingX: 6 payments, −$13.62; short Lighter: 24 payments, +$16.80.
- Watch: Gap narrower than usual−0.006% vs +0.053%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$435K vs $935K OILighter 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+0.0154%/8h × 21 periods+$32.35
Price spread−0.006% → +0.053% (7d avg)−$5.89
Slippage, 4 orderslive order books−$25.51
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$9.05
Costs to cover0.355%Break-even9.0 days
Slippage: BingX: live order book, 16 min ago; Lighter: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.0410.2 bp−$1021.6 bp−$216121.5 bp−$12.2K391.6 bp−$195.8K
SELL · SHORTLighter5.708.9 bp−$921.7 bp−$217doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)
Kalshi