Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3157 | +0.0096 | pay 0.0012% / 1h | 19m 50s | $129K | $105K | 5x | Long Lighter7d free | |
| SHORT | 0.3158 | −0.0248 | pay 0.0124% / 4h | 2h 19m | $1K | $140K | 10x | Short edgeX |
Price gap+0.043%
Funding gap−0.0344% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 25 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$47−0.0344% /8h now · paid −0.473% over the last 7D
Price+$11spread +0.043% now, avg −0.064% → +0.107% if it goes back
Costs−$2032.034% of $10k · taker + slippage, in and out
Result−$240−2.40%+ Points / potential airdropLighter: Season 3 · edgeX: points · 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+0.043%
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
/8hMET on 21 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size75.8 / 26.7 bpAt $10k entering Lighter costs 75.8 bp, fee and slippage, 2.8× edgeX’s.
- Note: Margin at max leverage$2,000 + $1,000Lighter 5x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.31Long Lighter: 24 payments, −$2.88; short edgeX: 6 payments, −$7.43.
- OK: Entry gap works for you+0.043% vs −0.064%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1K vs $129K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · edgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0225%/8h × 21 periods−$47.27
Price spread+0.043% → −0.064% (7d avg)+$10.67
Slippage, 4 orderslive order books−$194.42
Fee Lighter bp × 2 orders$0.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$240.02
Costs to cover2.034%Break-evennever at this rate
Slippage: Lighter: live order book, 23 min ago; edgeX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter7.3575.8 bp−$76213.3 bp−$2,133doesn’t fitdoesn’t fit
SELL · SHORTedgeX6.3426.7 bp−$27doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-10 00:13 | Orderly | Listing | new market PERP_MET_USDC_mythos ($MET) seen by our collector |
| 10-09 09:44 | edgeX | Listing | new market METUSDC ($MET) seen by our collector |
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