Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 121.08 | +0.0096 | pay 0.0012% / 1h | 47m 37s | $14.9M | $45.2M | 25x | Long Lighter7d free | |
| SHORT | 121.02 | −0.0002 | 0.0000% / 1h | 47m 37s | $1.1M | $4.3M | 50x | Short TxFlow5% off |
Price gap−0.045%
Funding gap−0.0098% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.020% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0098% /8h now · paid −0.006% over the last 5 hours (all we have)
Price−$2spread −0.045% now, avg −0.025% → −0.020% if it goes back
Costs−$110.110% of $10k · taker + slippage, in and out
Result−$14−0.14%+ 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−0.045%
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
/8hSOL on 56 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books0.6 / 4.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $200Lighter 25x, 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: −$2.94Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$0.06.
- Watch: Gap narrower than usual−0.045% vs −0.025%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1.1M vs $14.9M 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−0.0096%/8h × 21 periods−$20.06
Price spread−0.045% → −0.025% (7d avg)−$2.04
Slippage, 4 orderslive order books−$1.98
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$33.08
Costs to cover0.110%Break-evennever at this rate
Slippage: Lighter: live order book, 7 min ago; TxFlow: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.540.6 bp−$11.0 bp−$104.6 bp−$46421.5 bp−$10.7K
SELL · SHORTTxFlow0.414.9 bp−$55.0 bp−$506.6 bp−$65815.8 bp−$7,896
Closing costs about the same again.
| 10-04 17:45 | Kraken Futures | Other | Your Halloween plans could include winning 1,000 SOL. Enroll first, then each eligible $1 traded (or the equivalent in your local currency) = 1 entry. Enroll now ⤵️ @krakenfx on X ↗ |
| 10-04 10:46 | Orderly | Other | $BTC, $ETH, and $SOL are just the tip of the iceberg. Perp Anything. @OrderlyNetwork on X ↗ |
| 10-03 14:04 | Bitget | Other | Time’s running out on boosted PoolX rewards. BTC: 1 day left ETH: 2 days left XAUT / SOL / XRP: 6 days left Lock in while the boosted pools are still open, don’t leave rewards on the table. @bitget on X ↗ |
| 10-03 07:43 | Phemex | Other | A reserve ratio only matters if you can check your own balance. Latest snapshot: BTC 103.13%, ETH 123.79%, USD* 100.60%, SOL 141.42%. AVAX 143.43%. TRX 123.86%. XRP 157.03%. SUI 157.58%. All are above 100%. That is wallet assets versus customer liabilities, not a marketing average. Verify the leaf, not the graphic: @Phemex_official on X ↗ |
| 10-02 20:24 | Aevo | Listing | Aevo September Highlights 👇 • $SOL options went live in Pro and Easy Mode. • PERPS+ expanded to SOL. • Our first compute perpetual and first forex markets went live. • Builder Codes opened our perps and options to third-party products. • Another 1m $AEVO was bought back and burned, bringing the total to 77m, while staking passed 26m tokens. September brought more markets to trade, more ways to structure them, and a new way for builders to integrate with Aevo. Now October starts from there 🔮 @aevoxyz on X ↗ |
| 10-02 06:01 | Bitget | Token | Bitget PoolX: lock $XAUT, $SOL or $XRP to share a 100,000 $BGB airdrop. > No lock-up. Unlock your funds whenever you want. 📅 Period: Oct 2, 06:00 – Oct 9, 06:00 (UTC) @bitget on X ↗ |

Kraken Futures
Bitget
Phemex