Funding you earn now, next payment 03:00 UTC−0.0796%/8h= −87.2% APRpaid last 24h −0.207%
Price spread now: BingX against Lighter−0.433%7-day average −0.223% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$950.948% of the position
Funding, last 7 days−0.466%−$47 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.433%, 7d avg −0.223%
=Together, before fees−0.513%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and BingX is 0.210% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.223%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.466% in total (about -24.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CC | 0.1177 | 0.0896 | pay 0.0112% / 1h | 33m 44s | $238K | $155K | 5x |
| Short | BingX CC-USDT | 0.1172 | 0.0100 | get 0.0050% / 4h | 1h 33m | — | $6.6M | — |
Lighter CC
BingX CC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$167.16
- Price spread: −0.433% → −0.223%
- −$21
- Slippage, 4 orders
- −$84.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$282.93
- Costs to cover
- 0.948%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; BingX: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 12 min ago | 7.66 bp | 30.5 bp −$31 | 373.9 bp −$3,739 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 5.55 bp | 23.4 bp −$23 | 77.0 bp −$770 | 375.4 bp −$37.5K | 1050.9 bp −$525.4K |
CC on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.4093% | 1h | 0.1180 | +0.212% | $402 | $3K | 5.5x | as long as short |
| Bybit CCUSDT | −0.0212% | 4h | 0.1173 | −0.348% | $10.7M | $3.9M | 25x | as long as short |
| MEXC CC_USDT | −0.0212% | 4h | 0.1173 | −0.374% | $1.6M | $313K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0096% | 8h | 0.1174 | −0.305% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1172 | −0.492% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1173 | −0.376% | $11.1M | $12.1M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1174 | −0.272% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1171 | −0.577% | $363K | $218K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1172 | −0.433% | $483K | $121K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1172 | −0.484% | $916K | $793K | 20x | as long as short |
Injective CC/USDC PERP
Bybit CCUSDT
MEXC CC_USDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDTshort | +0.0100% | 4h | 0.1172 | −0.433% | — | $6.6M | — | |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1171 | −0.552% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1171 | −0.584% | $596K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1171 | −0.568% | $88K | $2.4M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1170 | −0.625% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1170 | −0.611% | $593K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1172 | −0.509% | $44K | — | 50x | as long as short |
| Hyperliquid CC | +0.0487% | 1h | 0.1175 | −0.195% | $5.5M | $1.4M | 3x | as long as short |
| Lighter CClong | +0.0896% | 1h | 0.1177 | long leg | $238K | $155K | 5x |
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Hyperliquid CC