Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4648 | +0.0100 | pay 0.0100% / 8h | 3h 36m | $1.4M | $2.2M | 50x | Long Phemex | |
| SHORT | 0.4656 | +0.0336 | get 0.0042% / 1h | 36m 46s | $1.2M | $369K | 10x | Short Lighter7d free |
Price gap+0.181%
Funding gap+0.0236% /8h
Funding trade: +$7 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+$34+0.0236% /8h now · paid +0.338% over the last 7D
Price−$1spread +0.181% now, avg +0.187% → −0.007% if it goes back
Costs−$990.994% of $10k · taker + slippage, in and out
Result−$66−0.66%+ 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+0.181%
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 · 3 to watch- Watch: Thin at this size29.8 / 7.5 bpAt $10k entering Phemex costs 29.8 bp, fee and slippage, 3.9× Lighter’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.08Long Phemex: 3 payments, −$3.00; short Lighter: 24 payments, +$10.08.
- Note: Gap at its usual level+0.181% vs +0.187%The price leg adds little either way.
- Note: Short leg is thinner$1.2M vs $1.4M OIBoth legs are deep; Lighter is the smaller one.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCPhemex Yes · Lighter NoKYC 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+0.0165%/8h × 21 periods+$34.56
Price spread+0.181% → +0.187% (7d avg)−$0.66
Slippage, 4 orderslive order books−$87.43
Fee Phemex bp × 2 orders−$12.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$65.52
Costs to cover0.994%Break-even20.3 days
Slippage: Phemex: live order book, 2 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.0829.8 bp−$30142.9 bp−$1,429doesn’t fitdoesn’t fit
SELL · SHORTLighter7.367.5 bp−$858.1 bp−$581doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya