Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4960 | +0.0096 | pay 0.0012% / 1h | 28m 57s | $1.0M | $1.3M | 10x | Long Lighter7d free | |
| SHORT | 0.4958 | +0.0096 | get 0.0012% / 1h | 28m 57s | $65K | $399K | 20x | Short Popdex |
Price gap−0.038%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 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−$240.0000% /8h now · paid −0.235% over the last 7D
Price+$4spread −0.038% now, avg −0.077% → +0.038% if it goes back
Costs−$380.375% of $10k · taker + slippage, in and out
Result−$57−0.57%+ Points / potential airdropLighter: 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−0.038%
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
/8hONDO on 41 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest3.6 / 14.2 bp$10k is over 10% of Popdex’s open interest.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, Popdex 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: $0.00Long Lighter: 24 payments, −$2.88; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you−0.038% vs −0.077%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$65K vs $1.0M OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0120%/8h × 21 periods−$25.25
Price spread−0.038% → −0.077% (7d avg)+$3.85
Slippage, 4 orderslive order books−$31.12
Fee Lighter bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$58.92
Costs to cover0.375%Break-evennever at this rate
Slippage: Lighter: live order book, 4 min ago; Popdex: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.813.6 bp−$410.4 bp−$104doesn’t fitdoesn’t fit
SELL · SHORTPopdex1.0114.2 bp−$14112.1 bp−$1,121doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-24 19:59 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |


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