Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 11.252 | +0.0017 | pay 0.0017% / 8h | 4h 02m | $2.3M | $638K | 50x | Long Variational Omni+15% pts | |
| SHORT | 11.304 | +0.0096 | get 0.0012% / 1h | 2m 07s | $29K | $141K | 10x | Short Lighter RH+10% pts |
Price gap+0.466%
Funding gap+0.0079% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.323% above its 7d average: +$32 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0079% /8h now · paid +0.074% over the last 3 days (all we have)
Price+$32spread +0.466% now, avg +0.143% → +0.323% if it goes back
Costs−$150.148% of $10k · taker + slippage, in and out
Result+$25+0.25%+ Points / potential airdropVariational Omni: points · Lighter RH: Points live · 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+0.466%
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
/8hLINK on 43 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest5.7 / 2.2 bp$10k is over 10% of Lighter RH’s open interest.
- Note: Margin at max leverage$200 + $1,000Variational Omni 50x, Lighter RH 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: +$2.36Long Variational Omni: 3 payments, −$0.52; short Lighter RH: 24 payments, +$2.88.
- OK: Entry gap works for you+0.466% vs +0.143%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$29K vs $2.3M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0095%/8h × 21 periods+$19.93
Price spread+0.466% → +0.143% (7d avg)+$32.28
Slippage, 4 orderslive order books−$14.82
Fee Variational Omni bp × 2 orders$0.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k+$37.39
Costs to cover0.148%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, 1 min ago; Lighter RH: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.195.7 bp−$67.4 bp−$74doesn’t fitdoesn’t fit
SELL · SHORTLighter RH1.952.2 bp−$214.2 bp−$142doesn’t fitdoesn’t fit
Closing costs about the same again.
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