Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08824 | +0.0096 | pay 0.0012% / 1h | 19m 08s | $184K | $120K | 8x | Long Lighter7d free | |
| SHORT | 0.08812 | −0.0327 | pay 0.0041% / 1h | 19m 08s | $149K | $123K | 50x | Short TxFlow5% off |
Price gap−0.141%
Funding gap−0.0423% /8h
Funding costs $13 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−$52−0.0423% /8h now · paid −0.520% over the last 7D
Price−$1spread −0.141% now, avg −0.134% → −0.007% if it goes back
Costs−$330.334% of $10k · taker + slippage, in and out
Result−$86−0.86%+ Points / potential airdropLighter: Season 3 · TxFlow: points · 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−0.141%
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
/8hPOL on 27 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- OK: Fits both order books11.6 / 7.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,250 + $200Lighter 8x, TxFlow 50x. 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: −$12.68Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$9.80.
- Note: Gap at its usual level−0.141% vs −0.134%The price leg adds little either way.
- Watch: Short leg is thinner$149K vs $184K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0247%/8h × 21 periods−$51.96
Price spread−0.141% → −0.134% (7d avg)−$0.65
Slippage, 4 orderslive order books−$24.43
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$86.04
Costs to cover0.334%Break-evennever at this rate
Slippage: Lighter: live order book, 58 min ago; TxFlow: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter2.6111.6 bp−$1248.4 bp−$484doesn’t fitdoesn’t fit
SELL · SHORTTxFlow0.577.8 bp−$823.4 bp−$234207.1 bp−$20.7Kdoesn’t fit
Closing costs about the same again.
| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
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