Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 737.43 | +0.0096 | pay 0.0012% / 1h | 3m 07s | $3.9M | $1.9M | 20x | Long Lighter7d free | |
| SHORT | 737.50 | +0.0040 | get 0.0005% / 1h | 3m 07s | $308K | $306K | — | Short AZverse |
Price gap+0.009%
Funding gap−0.0056% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.040% 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+$1−0.0056% /8h now · paid +0.014% over the last 22 hours (all we have)
Price−$4spread +0.009% now, avg +0.049% → −0.040% if it goes back
Costsno datano order book for AZverse
Result, before costs−$3−0.03%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: no order book for AZverse · What 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+0.009%
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 · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$500 + —Lighter 20x, AZverse —. 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: 24 payments, −$2.88; short AZverse: 24 payments, +$1.20.
- Watch: Gap narrower than usual+0.009% vs +0.049%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$308K vs $3.9M OIAZverse 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 legLighter No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.77
Price spread+0.009% → +0.049% (7d avg)−$4.04
Slippage, 4 ordersno data for AZverse—
Fee Lighter bp × 2 orders$0.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$5.27
Costs to cover0.120%Break-even10.4 days
Slippage: Lighter: live order book, 5 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.041.6 bp−$27.4 bp−$7416.8 bp−$1,68470.8 bp−$35.4K
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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