Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5219 | +0.0096 | pay 0.0012% / 1h | 41m 03s | $150K | $118K | 10x | Long Lighter7d free | |
| SHORT | 0.5224 | −0.0029 | pay 0.0004% / 1h | 41m 03s | $240K | $191K | 25x | Short TxFlow5% off |
Price gap+0.088%
Funding gap−0.0125% /8h
The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 5.3 days. At the last 7 days' pace that is about 2.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$54−0.0125% /8h now · paid −0.542% over the last 7D
Price+$20spread +0.088% now, avg −0.110% → +0.198% if it goes back
Costs−$320.320% of $10k · taker + slippage, in and out
Result−$66−0.66%+ 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+0.088%
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
/8hTIA on 28 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books6.1 / 6.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $400Lighter 10x, TxFlow 25x. 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: −$3.74Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$0.86.
- OK: Entry gap works for you+0.088% vs −0.110%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$150K vs $240K OILighter 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−0.0258%/8h × 21 periods−$54.24
Price spread+0.088% → −0.110% (7d avg)+$19.83
Slippage, 4 orderslive order books−$23.00
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$66.41
Costs to cover0.320%Break-evennever at this rate
Slippage: Lighter: live order book, 44 min ago; TxFlow: live order book, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter5.806.1 bp−$652.7 bp−$527244.2 bp−$24.4Kdoesn’t fit
SELL · SHORTTxFlow0.956.6 bp−$719.5 bp−$195103.6 bp−$10.4Kdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($TIA) seen by our collector |
| 10-20 07:59 | Bullet | Listing | By popular demand, $TIA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |

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