Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.51 | +0.0100 | pay 0.0013% / 1h | 51m 22s | $10K | $1.2M | 10x | Long SoDEX | |
| SHORT | 119.40 | +0.0040 | get 0.0005% / 1h | 51m 22s | $102K | $428K | 10x | Short Lighter RH+10% pts |
Price gap−0.089%
Funding gap−0.0060% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.080% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19−0.0060% /8h now · paid +0.190% over the last 7D
Price−$8spread −0.089% now, avg −0.008% → −0.080% if it goes back
Costs−$190.186% of $10k · taker + slippage, in and out
Result−$8−0.08%+ 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−0.089%
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 · 3 to watch- Watch: Large against open interest5.5 / 4.2 bp$10k is over 10% of SoDEX’s open interest.
- Note: Margin at max leverage$1,000 + $1,000SoDEX 10x, Lighter RH 10x. 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: −$1.80Long SoDEX: 24 payments, −$3.00; short Lighter RH: 24 payments, +$1.20.
- Watch: Gap narrower than usual−0.089% vs −0.008%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$10K vs $102K OISoDEX 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 legSoDEX No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0099%/8h × 21 periods+$20.76
Price spread−0.089% → −0.008% (7d avg)−$8.04
Slippage, 4 orderslive order books−$10.58
Fee SoDEX bp × 2 orders−$8.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$5.85
Costs to cover0.186%Break-even9.0 days
Slippage: SoDEX: live order book, 1 min ago; Lighter RH: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSoDEX0.425.5 bp−$610.5 bp−$10598.6 bp−$9,860doesn’t fit
SELL · SHORTLighter RH3.234.2 bp−$420.0 bp−$200doesn’t fitdoesn’t fit
Closing costs about the same again.
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