Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0220 | +0.0100 | pay 0.0013% / 1h | 59m 14s | $11K | $141K | 50x | Long TxFlow5% off | |
| SHORT | 1.0241 | +0.0096 | get 0.0012% / 1h | 59m 14s | $119K | $87K | 10x | Short Lighter7d free |
Price gap+0.209%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$24−0.0004% /8h now · paid +0.244% over the last 7D
Price+$6spread +0.209% now, avg +0.145% → +0.065% if it goes back
Costs−$450.449% of $10k · taker + slippage, in and out
Result−$14−0.14%+ Points / potential airdropTxFlow: points · Lighter: 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+0.209%
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
/8hDOT on 29 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest14.3 / 8.4 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, Lighter 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: −$0.12Long TxFlow: 24 payments, −$3.00; short Lighter: 24 payments, +$2.88.
- OK: Entry gap works for you+0.209% vs +0.145%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$11K vs $119K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0116%/8h × 21 periods+$24.45
Price spread+0.209% → +0.145% (7d avg)+$6.48
Slippage, 4 orderslive order books−$35.94
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$14.01
Costs to cover0.449%Break-even11.0 days
Slippage: TxFlow: live order book, 15 min ago; Lighter: live order book, 52 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow9.7714.3 bp−$1418.3 bp−$18350.8 bp−$5,075doesn’t fit
SELL · SHORTLighter3.838.4 bp−$819.5 bp−$195doesn’t fitdoesn’t fit
Closing costs about the same again.