Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2980 | −0.0327 | get 0.0041% / 1h | 50m 14s | $175K | $114K | 20x | Long TxFlow5% off | |
| SHORT | 0.2978 | −0.1768 | pay 0.0221% / 1h | 50m 14s | $117K | $46K | 5x | Short Lighter7d free |
Price gap−0.057%
Funding gap−0.1441% /8h
Both sides work against this direction now: funding costs $43 a day on $10k and the gap is 0.154% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$118−0.1441% /8h now · paid +1.182% over the last 7D
Price−$15spread −0.057% now, avg +0.097% → −0.154% if it goes back
Costs−$670.667% of $10k · taker + slippage, in and out
Result+$36+0.36%+ Points / potential airdropTxFlow: points · Lighter: 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−0.057%
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 size13.1 / 33.1 bpAt $10k entering Lighter costs 33.1 bp, fee and slippage, 2.5× TxFlow’s.
- Note: Margin at max leverage$500 + $2,000TxFlow 20x, Lighter 5x. 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: −$43.23Long TxFlow: 24 payments, +$9.81; short Lighter: 24 payments, −$53.04.
- Watch: Gap narrower than usual−0.057% vs +0.097%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$117K vs $175K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0563%/8h × 21 periods+$118.18
Price spread−0.057% → +0.097% (7d avg)−$15.38
Slippage, 4 orderslive order books−$57.72
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$36.08
Costs to cover0.667%Break-even4.9 days
Slippage: TxFlow: live order book, 19 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.6713.1 bp−$13100.2 bp−$1,002doesn’t fitdoesn’t fit
SELL · SHORTLighter5.0433.1 bp−$33188.9 bp−$1,889doesn’t fitdoesn’t fit
Closing costs about the same again.
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