Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004994 | +0.0124 | pay 0.0015% / 1h | 32m 57s | $258K | $731K | 40x | Long TxFlow5% off | |
| SHORT | 0.000005003 | +0.0096 | get 0.0012% / 1h | 32m 57s | $998K | $5.1M | 10x | Short Lighter7d free |
Price gap+0.180%
Funding gap−0.0028% /8h
Funding costs $1 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10−0.0028% /8h now · paid +0.103% over the last 7D
Price$0spread +0.180% now, avg +0.177% → +0.003% if it goes back
Costs−$240.236% of $10k · taker + slippage, in and out
Result−$13−0.13%+ 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+0.180%
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
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- OK: Fits both order books7.5 / 6.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$250 + $1,000TxFlow 40x, Lighter 10x. 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: −$0.83Long TxFlow: 24 payments, −$3.71; short Lighter: 24 payments, +$2.88.
- Note: Gap at its usual level+0.180% vs +0.177%The price leg adds little either way.
- Watch: Long leg is thinner$258K vs $998K OITxFlow 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+0.0049%/8h × 21 periods+$10.35
Price spread+0.180% → +0.177% (7d avg)+$0.30
Slippage, 4 orderslive order books−$14.60
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$12.95
Costs to cover0.236%Break-even15.8 days
Slippage: TxFlow: live order book, 59 min ago; Lighter: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.977.5 bp−$720.2 bp−$202doesn’t fitdoesn’t fit
SELL · SHORTLighter1.996.7 bp−$716.8 bp−$16847.4 bp−$4,743doesn’t fit
Closing costs about the same again.
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