Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4546 | +0.1000 | pay 0.0125% / 1h | 58m 17s | $1.0M | $1.7M | 10x | Long Backpack | |
| SHORT | 6.4615 | +0.0096 | get 0.0012% / 1h | 58m 17s | $239K | $490K | 15x | Short Lighter RH+10% pts |
Price gap+0.107%
Funding gap−0.0904% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $27 a day and eats that in about 10 hours. 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−$29−0.0904% /8h now · paid −0.288% over the last 7D
Price+$12spread +0.107% now, avg −0.010% → +0.117% if it goes back
Costs−$320.322% of $10k · taker + slippage, in and out
Result−$49−0.49%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.288% in total, about −0.0150%/8h on average.
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+0.107%
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
/8hUNI on 46 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books8.9 / 8.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $666Backpack 10x, Lighter RH 15x. 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: −$27.13Long Backpack: 24 payments, −$30.01; short Lighter RH: 24 payments, +$2.88.
- OK: Entry gap works for you+0.107% vs −0.010%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$239K vs $1.0M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCBackpack Yes · Lighter RH NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0150%/8h × 21 periods−$31.42
Price spread+0.107% → −0.010% (7d avg)+$11.74
Slippage, 4 orderslive order books−$22.21
Fee Backpack bp × 2 orders−$10.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$51.90
Costs to cover0.322%Break-evennever at this rate
Slippage: Backpack: live order book, 5 min ago; Lighter RH: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack0.088.9 bp−$927.3 bp−$273doesn’t fitdoesn’t fit
SELL · SHORTLighter RH8.588.6 bp−$926.6 bp−$266doesn’t fitdoesn’t fit
Closing costs about the same again.
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