Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04199 | +0.0096 | pay 0.0012% / 1h | 56m 11s | $362K | $260K | 5x | Long Lighter7d free | |
| SHORT | 0.04208 | +0.0100 | get 0.0050% / 4h | 56m 11s | $1.6M | $2.7M | 50x | Short Phemex |
Price gap+0.214%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$21 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+$3+0.0004% /8h now · paid +0.027% over the last 7D
Price+$21spread +0.214% now, avg +0.003% → +0.211% if it goes back
Costs−$820.819% of $10k · taker + slippage, in and out
Result−$58−0.58%+ 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+0.214%
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
/8hSTRK on 30 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size8.0 / 27.4 bpAt $10k entering Phemex costs 27.4 bp, fee and slippage, 3.4× Lighter’s.
- Note: Margin at max leverage$2,000 + $200Lighter 5x, Phemex 50x. 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 Phemex: 6 payments, +$3.00.
- OK: Entry gap works for you+0.214% vs +0.003%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$362K vs $1.6M OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0013%/8h × 21 periods+$2.67
Price spread+0.214% → +0.003% (7d avg)+$21.13
Slippage, 4 orderslive order books−$69.91
Fee Lighter bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$58.11
Costs to cover0.819%Break-even159.2 days
Slippage: Lighter: live order book, 37 min ago; Phemex: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter5.908.0 bp−$849.8 bp−$498doesn’t fitdoesn’t fit
SELL · SHORTPhemex3.5627.4 bp−$27138.0 bp−$1,380doesn’t fitdoesn’t fit
Closing costs about the same again.
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