Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2997 | +0.0096 | pay 0.0012% / 1h | 48m 30s | $123K | $49K | 5x | Long Lighter7d free | |
| SHORT | 0.2996 | −0.0327 | pay 0.0041% / 1h | 48m 30s | $175K | $103K | 20x | Short TxFlow5% off |
Price gap−0.023%
Funding gap−0.0423% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 14 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$117−0.0423% /8h now · paid −1.165% over the last 7D
Price+$7spread −0.023% now, avg −0.097% → +0.073% if it goes back
Costs−$1511.514% of $10k · taker + slippage, in and out
Result−$261−2.61%+ Points / potential airdropLighter: Season 3 · TxFlow: 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−0.023%
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
4 ok · 2 to watch- Watch: Thin at this size70.3 / 11.0 bpAt $10k entering Lighter costs 70.3 bp, fee and slippage, 6.4× TxFlow’s.
- Note: Margin at max leverage$2,000 + $500Lighter 5x, TxFlow 20x. 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: −$12.69Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$9.81.
- OK: Entry gap works for you−0.023% vs −0.097%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$123K vs $175K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0555%/8h × 21 periods−$116.54
Price spread−0.023% → −0.097% (7d avg)+$7.33
Slippage, 4 orderslive order books−$142.37
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$260.58
Costs to cover1.514%Break-evennever at this rate
Slippage: Lighter: live order book, 2 min ago; TxFlow: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter5.1770.3 bp−$70215.4 bp−$2,154doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.3411.0 bp−$1174.2 bp−$742doesn’t fitdoesn’t fit
Closing costs about the same again.
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