Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.33 | +0.0056 | pay 0.0007% / 1h | 55m 37s | $103K | $395K | 10x | Long Lighter RH+10% pts | |
| SHORT | 119.22 | L +0.1111S −0.0198 | get 0.0025% / 1h | 55m 37s | $124K | $74K | 50x | Short GMX5% off |
Price gap−0.094%
Funding gap+0.0142% /8h
Funding pays +$4 a day on $10k, but the gap is 0.022% under its 7d average: −$2 if it goes back, about 13 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0142% /8h now · paid +0.160% over the last 7D
Price−$2spread −0.094% now, avg −0.072% → −0.022% if it goes back
Costsno datano order book for GMX
Result, before costs+$14+0.14%+ Points / potential airdropLighter RH: Points live · farm boardcosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.094%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for GMX: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $200Lighter RH 10x, GMX 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: +$4.25Long Lighter RH: 24 payments, −$1.68; short GMX: 24 payments, +$5.93.
- Watch: Gap narrower than usual−0.094% vs −0.072%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$103K vs $124K 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.
- OK: No KYC on either legLighter RH No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0084%/8h × 21 periods+$17.54
Price spread−0.094% → −0.072% (7d avg)−$2.22
Slippage, 4 ordersno data for GMX—
Fee Lighter RH bp × 2 orders$0.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$3.33
Costs to cover0.120%Break-even5.7 days
Slippage: Lighter RH: live order book, 25 min ago; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH3.694.2 bp−$416.3 bp−$163doesn’t fitdoesn’t fit
SELL · SHORTGMX—————
Closing costs about the same again.
GMX: no data.
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