Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,718.2 | +0.0059 | pay 0.0007% / 1h | 33m 58s | $5.6M | $11.8M | 75x | Long TxFlow5% off | |
| SHORT | 2,717.1 | 0 | 0.0000% / 1h | 33m 58s | $121.6M | $262.3M | 50x | Short Lighter7d free |
Price gap−0.039%
Funding gap−0.0059% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.068% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0059% /8h now · paid −0.001% over the last 4 hours (all we have)
Price−$7spread −0.039% now, avg +0.029% → −0.068% if it goes back
Costs−$100.096% of $10k · taker + slippage, in and out
Result−$17−0.17%+ 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−0.039%
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
/8hETH on 56 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books4.5 / 0.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$133 + $200TxFlow 75x, Lighter 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: −$1.76Long TxFlow: 24 payments, −$1.76; short Lighter: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.039% vs +0.029%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$5.6M vs $121.6M 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−0.0024%/8h × 21 periods−$5.14
Price spread−0.039% → +0.029% (7d avg)−$6.81
Slippage, 4 orderslive order books−$0.63
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$21.58
Costs to cover0.096%Break-evennever at this rate
Slippage: TxFlow: live order book, 5 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.024.5 bp−$54.5 bp−$454.7 bp−$4746.8 bp−$3,401
SELL · SHORTLighter0.020.0 bp$00.2 bp−$20.8 bp−$833.4 bp−$1,688
Closing costs about the same again.
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