Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1945 | +0.0096 | pay 0.0012% / 1h | 15m 26s | $2.5M | $3.4M | 10x | Long Lighter7d free | |
| SHORT | 0.1946 | +0.0070 | get 0.0009% / 1h | 15m 26s | $570K | $399K | — | Short AZverse |
Price gap+0.046%
Funding gap−0.0026% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 6.5 days. At the last 7 days' pace that is about 2.7 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+$5spread +0.046% now, avg −0.004% → +0.050% if it goes back
Costsno datano order book for AZverse
Result, before costs+$4+0.04%+ 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+0.046%
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
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Lighter 10x, 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: −$0.78Long Lighter: 24 payments, −$2.88; short AZverse: 24 payments, +$2.10.
- OK: Entry gap works for you+0.046% vs −0.004%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$570K vs $2.5M 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−0.0062%/8h × 21 periods−$12.99
Price spread+0.046% → −0.004% (7d avg)+$5.04
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−$19.95
Costs to cover0.120%Break-evennever at this rate
Slippage: Lighter: live order book, 3 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.292.1 bp−$25.3 bp−$5335.1 bp−$3,511doesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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