Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,711.8 | +0.1078 | pay 0.0539% / 4h | 4m 40s | $924K | $1.5M | — | Long BingX | |
| SHORT | 1,712.2 | +0.0472 | get 0.0059% / 1h | 4m 40s | $352K | $110K | 20x | Short Lighter7d free |
Price gap+0.023%
Funding gap−0.0606% /8h
Funding costs $18 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$41−0.0606% /8h now · paid −0.414% over the last 7D
Price$0spread +0.023% now, avg +0.026% → −0.003% if it goes back
Costs−$270.271% of $10k · taker + slippage, in and out
Result−$69−0.69%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.414% in total, about −0.0197%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.023%
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
/8hXPT on 23 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books8.5 / 4.4 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: −$18.18Long BingX: 6 payments, −$32.34; short Lighter: 24 payments, +$14.16.
- Note: Gap at its usual level+0.023% vs +0.026%The price leg adds little either way.
- Watch: Short leg is thinner$352K vs $924K 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−0.0197%/8h × 21 periods−$41.42
Price spread+0.023% → +0.026% (7d avg)−$0.30
Slippage, 4 orderslive order books−$17.06
Fee BingX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$68.78
Costs to cover0.271%Break-evennever at this rate
Slippage: BingX: live order book, 5 min ago; Lighter: live order book, 64 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.358.5 bp−$915.1 bp−$15190.1 bp−$9,007315.0 bp−$157.5K
SELL · SHORTLighter1.744.4 bp−$411.6 bp−$116doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 17:00 | MEXC | Other | 7 days to go. Singapore, we’re coming. 🇸🇬 Proud to be a Platinum Sponsor of #TOKEN2049. See you there. #MEXCEventRocks @MEXC on X ↗ |
| 09-23 13:33 | Kalshi | Listing | new market KXPLATINUMPERP ($XPT) seen by our collector |


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