Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,217.1 | +0.0328 | pay 0.0041% / 1h | 43m 41s | $435K | $25K | 20x | Long Lighter7d free | |
| SHORT | 1,217.1 | +0.0592 | get 0.0296% / 4h | 1h 43m | $935K | $6.6M | — | Short BingX |
Price gap−0.002%
Funding gap+0.0264% /8h
Both sides work: funding pays +$8 a day on $10k, and the gap is 0.051% above its 7d average: +$5 more if it goes back.
Funding on this pair cost 0.320% 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−$32+0.0264% /8h now · paid −0.320% over the last 7D
Price+$5spread −0.002% now, avg −0.053% → +0.051% if it goes back
Costs−$670.669% of $10k · taker + slippage, in and out
Result−$94−0.94%+ 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−0.002%
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- Watch: Thin at this size30.9 / 5.6 bpAt $10k entering Lighter costs 30.9 bp, fee and slippage, 5.5× BingX’s.
- Note: Margin at max leverage$500 + —Lighter 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.92Long Lighter: 24 payments, −$9.84; short BingX: 6 payments, +$17.76.
- OK: Entry gap works for you−0.002% vs −0.053%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long 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: 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−0.0152%/8h × 21 periods−$32.01
Price spread−0.002% → −0.053% (7d avg)+$5.07
Slippage, 4 orderslive order books−$56.87
Fee Lighter bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$93.81
Costs to cover0.669%Break-evennever at this rate
Slippage: Lighter: live order book, 10 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter2.4730.9 bp−$31185.5 bp−$1,855doesn’t fitdoesn’t fit
SELL · SHORTBingX0.045.6 bp−$614.8 bp−$14897.5 bp−$9,754408.6 bp−$204.3K
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)
Kalshi