Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1929 | +0.0070 | pay 0.0009% / 1h | 25m 14s | $565K | $399K | — | Long AZverse | |
| SHORT | 0.1927 | +0.0096 | get 0.0012% / 1h | 25m 14s | $2.4M | $3.4M | 10x | Short Lighter7d free |
Price gap−0.078%
Funding gap+0.0026% /8h
Funding pays +$1 a day on $10k, but the gap is 0.082% under its 7d average: −$8 if it goes back, about 11 days of funding. At the last 7 days' pace that is about 4.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2+0.0026% /8h now · paid +0.015% over the last 20 hours (all we have)
Price−$8spread −0.078% now, avg +0.004% → −0.082% if it goes back
Costsno datano order book for AZverse
Result, before costs−$7−0.07%+ 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−0.078%
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
/8hENA on 45 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— + $1,000AZverse —, 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: +$0.78Long AZverse: 24 payments, −$2.10; short Lighter: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.078% vs +0.004%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$565K vs $2.4M 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 legAZverse No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0062%/8h × 21 periods+$13.10
Price spread−0.078% → +0.004% (7d avg)−$8.19
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Lighter bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$7.09
Costs to cover0.120%Break-even10.8 days
Slippage: AZverse: no order-book sample; Lighter: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTLighter0.525.6 bp−$67.3 bp−$7344.0 bp−$4,402doesn’t fit
Closing costs about the same again.
AZverse: no data.
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