Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 739.42 | +0.0923 | pay 0.0115% / 1h | 47m 24s | $7K | $136K | 10x | Long Aftermath Perps5% off | |
| SHORT | 738.74 | +0.0096 | get 0.0012% / 1h | 47m 24s | $3.9M | $1.7M | 20x | Short Lighter7d free |
Price gap−0.093%
Funding gap−0.0827% /8h
Both sides work against this direction now: funding costs $25 a day on $10k and the gap is 0.108% 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−$137−0.0827% /8h now · paid −1.375% over the last 7D
Price−$11spread −0.093% now, avg +0.015% → −0.108% if it goes back
Costs−$290.293% of $10k · taker + slippage, in and out
Result−$178−1.78%+ Points / potential airdropLighter: Season 3 · 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−0.093%
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
/8hBNB on 47 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest14.8 / 1.2 bp$10k is over 10% of Aftermath Perps’s open interest.
- Note: Margin at max leverage$1,000 + $500Aftermath Perps 10x, Lighter 20x. 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: −$24.81Long Aftermath Perps: 24 payments, −$27.69; short Lighter: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.093% vs +0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$7K vs $3.9M OIAftermath Perps sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legAftermath Perps No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0655%/8h × 21 periods−$137.45
Price spread−0.093% → +0.015% (7d avg)−$10.80
Slippage, 4 orderslive order books−$20.34
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$177.59
Costs to cover0.293%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 27 min ago; Lighter: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps2.6914.8 bp−$15doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter1.121.2 bp−$14.6 bp−$4613.1 bp−$1,30659.5 bp−$29.7K
Closing costs about the same again.
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