Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2070 | −0.0208 | get 0.0026% / 1h | 50m 08s | $2.3M | $5.4M | 10x | Long Lighter7d free | |
| SHORT | 0.2068 | +0.0084 | get 0.0010% / 1h | 50m 08s | $598K | $1.9M | 50x | Short TxFlow5% off |
Price gap−0.092%
Funding gap+0.0292% /8h
Funding trade: +$9 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5+0.0292% /8h now · paid −0.050% over the last 7D
Price+$2spread −0.092% now, avg −0.111% → +0.019% if it goes back
Costs−$330.327% of $10k · taker + slippage, in and out
Result−$36−0.36%+ Points / potential airdropLighter: Season 3 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.050% in total, about −0.0024%/8h on average.
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−0.092%
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- OK: Fits both order books2.9 / 9.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200Lighter 10x, TxFlow 50x. 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: +$8.75Long Lighter: 24 payments, +$6.24; short TxFlow: 24 payments, +$2.51.
- Note: Gap at its usual level−0.092% vs −0.111%The price leg adds little either way.
- Watch: Short leg is thinner$598K vs $2.3M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0024%/8h × 21 periods−$5.03
Price spread−0.092% → −0.111% (7d avg)+$1.94
Slippage, 4 orderslive order books−$23.72
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$35.81
Costs to cover0.327%Break-evennever at this rate
Slippage: Lighter: live order book, 2 min ago; TxFlow: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.692.9 bp−$35.8 bp−$5849.9 bp−$4,995doesn’t fit
SELL · SHORTTxFlow4.369.2 bp−$916.2 bp−$16262.3 bp−$6,227doesn’t fit
Closing costs about the same again.
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