Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4489 | +0.0096 | pay 0.0012% / 1h | 1m 18s | $1.1M | $422K | 10x | Long Lighter7d free | |
| SHORT | 0.4477 | +0.0100 | get 0.0100% / 8h | 3h 01m | $1.3M | $2.2M | 50x | Short Phemex |
Price gap−0.276%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.089% under its 7d average: the price leg works against you, −$9 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34+0.0004% /8h now · paid −0.338% over the last 7D
Price−$9spread −0.276% now, avg −0.187% → −0.089% if it goes back
Costs−$1081.077% of $10k · taker + slippage, in and out
Result−$150−1.50%+ Points / potential airdropLighter: 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−0.276%
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
/8hLDO on 30 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size16.5 / 38.7 bpAt $10k entering Phemex costs 38.7 bp, fee and slippage, 2.4× Lighter’s.
- Note: Margin at max leverage$1,000 + $200Lighter 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter: 24 payments, −$2.88; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.276% vs −0.187%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$1.1M vs $1.3M OIBoth legs are deep; Lighter is the smaller one.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0164%/8h × 21 periods−$34.44
Price spread−0.276% → −0.187% (7d avg)−$8.92
Slippage, 4 orderslive order books−$95.69
Fee Lighter bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$151.05
Costs to cover1.077%Break-evennever at this rate
Slippage: Lighter: live order book, 1 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter9.9216.5 bp−$1645.1 bp−$451doesn’t fitdoesn’t fit
SELL · SHORTPhemex6.6938.7 bp−$39152.8 bp−$1,528doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya