Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3130 | +0.0100 | pay 0.0050% / 4h | 3h 19m | $571K | $75K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.3129 | +0.0096 | get 0.0012% / 1h | 19m 11s | $128K | $106K | 5x | Short Lighter7d free |
Price gap−0.040%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.039% under its 7d average: the price leg works against you, −$4 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0004% /8h now · paid −0.071% over the last 7D
Price−$4spread −0.040% now, avg −0.002% → −0.039% if it goes back
Costs−$3933.926% of $10k · taker + slippage, in and out
Result−$404−4.04%+ Points / potential airdropVariational Omni: 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−0.040%
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
2 ok · 4 to watch- Watch: Thin at this size122.7 / 70.5 bpAt $10k entering Variational Omni costs 122.7 bp, fee and slippage, 1.7× Lighter’s.
- Note: Margin at max leverage$200 + $2,000Variational Omni 50x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long Variational Omni: 6 payments, −$3.00; short Lighter: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.040% vs −0.002%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$128K vs $571K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0034%/8h × 21 periods−$7.11
Price spread−0.040% → −0.002% (7d avg)−$3.85
Slippage, 4 orderslive order books−$392.64
Fee Variational Omni bp × 2 orders$0.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$403.60
Costs to cover3.926%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 11 min ago; Lighter: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni6.46122.7 bp−$123235.6 bp−$2,356doesn’t fitdoesn’t fit
SELL · SHORTLighter6.0870.5 bp−$71191.6 bp−$1,916doesn’t fitdoesn’t fit
Closing costs about the same again.
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