Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.44 | +0.0056 | pay 0.0007% / 1h | 56m 03s | $104K | $395K | 10x | Long Lighter RH+10% pts | |
| SHORT | 120.09 | 0 | 0.0000% / 1h | 56m 03s | $801K | $4.4M | 50x | Short Deribit |
Price gap+0.540%
Funding gap−0.0056% /8h
The gap pays +$59 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 35 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$17−0.0056% /8h now · paid −0.169% over the last 7D
Price+$59spread +0.540% now, avg −0.049% → +0.589% if it goes back
Costs−$270.274% of $10k · taker + slippage, in and out
Result+$15+0.15%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.540%
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
/8hAAVE on 45 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books4.2 / 7.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200Lighter RH 10x, Deribit 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.68Long Lighter RH: 24 payments, −$1.68; short Deribit: 24 payments, $0.00.
- OK: Entry gap works for you+0.540% vs −0.049%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$104K vs $801K OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCLighter RH No · Deribit YesID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0088%/8h × 21 periods−$18.52
Price spread+0.540% → −0.049% (7d avg)+$58.93
Slippage, 4 orderslive order books−$20.43
Fee Lighter RH bp × 2 orders$0.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k+$12.97
Costs to cover0.274%Break-evenfrom the start
Slippage: Lighter RH: live order book, 25 min ago; Deribit: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH3.694.2 bp−$416.3 bp−$163doesn’t fitdoesn’t fit
SELL · SHORTDeribit3.767.3 bp−$715.6 bp−$156doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 14:30 | Lighter RH | Listing | new market AAVE ($AAVE) seen by our collector |
| 10-15 08:55 | Reya | Listing | new market AAVERUSDPERP ($AAVE) seen by our collector |
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