Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01928 | +0.0096 | pay 0.0012% / 1h | 56m 36s | $681K | $998K | 10x | Long Lighter7d free | |
| SHORT | 0.01932 | +0.0100 | get 0.0050% / 4h | 56m 36s | $21 | $1.5M | 20x | Short SunX≤10% back |
Price gap+0.207%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$9 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$14+0.0004% /8h now · paid +0.143% over the last 7D
Price+$9spread +0.207% now, avg +0.121% → +0.087% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$23+0.23%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: book too thin at $10k · What 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+0.207%
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
/8hMON on 38 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, SunX 20x. 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: +$0.12Long Lighter: 24 payments, −$2.88; short SunX: 6 payments, +$3.00.
- OK: Entry gap works for you+0.207% vs +0.121%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$21 vs $681K OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legLighter No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0068%/8h × 21 periods+$14.29
Price spread+0.207% → +0.121% (7d avg)+$8.66
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Lighter bp × 2 orders$0.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Lighter: live order book, 38 min ago; SunX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter2.5711.0 bp−$1123.5 bp−$235doesn’t fitdoesn’t fit
SELL · SHORTSunX502.07doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-06 08:33 | ApeX Omni | Other | 21 up, 65 down on the ApeX board, median -1.7%. A proper red day. filecoin:native +12.2% is the exception. @protocollabs and Foundation vesting ends this month, which Filecoin estimates cuts gross issuance about 75%. @monad $MON -11.8% is the worst. @OfficialApeXdex on X ↗ |


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