Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

CC

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
TxFlowCC-USDC
0.09959−0.0602get 0.0075% / 1h26m 52s$64K$109K20xLong TxFlow5% off
SHORT
LighterCC
0.09994+0.0384get 0.0048% / 1h26m 52s$283K$1.3M5xShort Lighter7d free
Price gap+0.351%
Funding gap+0.0986% /8h

Both sides work: funding pays +$30 a day on $10k, and the gap is 0.102% above its 7d average: +$10 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$74+0.0986% /8h now · paid +0.736% over the last 7D
Price+$10spread +0.351% now, avg +0.249% → +0.102% if it goes back
Costs−$550.550% of $10k · taker + slippage, in and out
Result+$29+0.29%+ Points / potential airdropTxFlow: points · Lighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.351%
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

/8h

CC on 19 exchanges

lowest funding first

Before you open

4 ok · 2 to watch
  • Watch: Thin at this size17.7 / 6.7 bp
    At $10k entering TxFlow costs 17.7 bp, fee and slippage, 2.6× Lighter’s.
  • Note: Margin at max leverage$500 + $2,000
    TxFlow 20x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$29.59Long TxFlow: 24 payments, +$18.07; short Lighter: 24 payments, +$11.52.
  • OK: Entry gap works for you+0.351% vs +0.249%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$64K vs $283K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points · Lighter Season 3
    Volume here counts toward the points program.
  • OK: No KYC on either legTxFlow No · Lighter No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0351%/8h × 21 periods+$73.64
Price spread+0.351% → +0.249% (7d avg)+$10.23
Slippage, 4 orderslive order books−$45.96
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$28.91
Costs to cover0.550%Break-even4.3 days
Slippage: TxFlow: live order book, 1 min ago; Lighter: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow2.0117.7 bp−$1871.5 bp−$715doesn’t fitdoesn’t fit
SELL · SHORTLighter1.506.7 bp−$714.8 bp−$148doesn’t fitdoesn’t fit

Closing costs about the same again.

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