Funding arb · Price arb /

DASH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: BingX against Lighter+0.079%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.079%, 7d avg −0.003%

Together, before fees−0.398%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.083% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DASH	59.273	0.0096	pay 0.0012% / 1h	20m 24s	$125K	$101K	10x
Short	BingX DASH-USDT	59.320	0.0100	get 0.0100% / 8h	6h 20m	—	$7.7M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BingXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0.84
Price spread: +0.079% → −0.003%: $8.26
Slippage, 4 orders: −$29.46
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.36
Costs to cover: 0.395%
Break-even: 260.0 days

Slippage from Lighter: live order book, 24 min ago; BingX: live order book, 11 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, 24 min ago	6.10 bp	14.0 bp −$14	25.1 bp −$251	588.1 bp −$58.8K	doesn't fit
Sell BingX live order book, 11 min ago	1.69 bp	7.3 bp −$7	11.0 bp −$110	28.3 bp −$2,827	127.9 bp −$64.0K

DASH on 22 exchanges

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 DASH/USDC PERP	+0.0033%	1h	58.850	−0.714%	$7	$134K	5.5x	as long as short
Deribit DASH_USDC-PERPETUAL	+0.0087%	1h	59.290	+0.029%	$30K	$32K	50x	as long as short
Lighter DASHlong	+0.0096%	1h	59.273	long leg	$125K	$101K	10x
Aster DASHUSDT	+0.0100%	8h	59.322	+0.082%	$125K	$366K	20x	as long as short
Binance DASHUSDT	+0.0100%	8h	59.300	+0.046%	$28.8M	$87.6M	75x	as long as short
Bybit DASHUSDT	+0.0100%	8h	59.320	+0.079%	$11.3M	$21.6M	75x	as long as short
OKX DASH-USDT-SWAP	+0.0100%	4h	59.270	−0.005%	$6.2M	$31.2M	50x	as long as short
Gate DASH_USDT	+0.0100%	8h	59.300	+0.046%	$1.6M	$2.8M	50x	as long as short
MEXC DASH_USDT	+0.0100%	8h	59.280	+0.012%	$21.3M	$12.3M	100x	as long as short
KuCoin DASHUSDTM	+0.0100%	8h	59.290	+0.029%	$8.5M	$4.7M	30x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DASHUSDT	+0.0100%	8h	59.320	+0.079%	$6.7M	$3.3M	50x	as long as short
BingX DASH-USDTshort	+0.0100%	8h	59.320	+0.079%	—	$7.7M	—
Variational Omni DASH	+0.0100%	8h	59.293	+0.033%	$318K	$239K	—	as long as short
SunX DASH-USDT	+0.0100%	8h	59.300	+0.046%	$25K	$1.2M	20x	as long as short
SoDEX DASH-USD	+0.0100%	1h	59.295	+0.037%	$272K	$4K	5x	as long as short
Extended DASH-USD	+0.0104%	1h	59.224	−0.082%	$11K	$290K	10x	as long as short
HTX DASH-USDT	+0.0145%	8h	59.490	+0.366%	$117K	$223K	30x	as long as short
BloFin DASH-USDT	+0.0220%	8h	59.260	−0.022%	$3.1M	$1.4M	75x	as long as short
Hyperliquid DASH	+0.0328%	1h	59.354	+0.137%	$4.6M	$2.8M	5x	as long as short
GMX DASH/USD [WBTC.b-USDC]	L +0.0526% / S −0.0389%	1h	59.291	+0.030%	$159K	—	50x	as long as short
Kraken Futures PF_DASHUSD	+0.0548%	1h	59.327	+0.091%	$760K	$3.0M	25x	as long as short
Coinbase International DASH-PERP-INTX	+0.0552%	1h	59.660	+0.653%	$82K	$213K	25x	as long as short