Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4356 | +0.0059 | pay 0.0007% / 1h | 51m 58s | $1.8M | $6.0M | 50x | Long Deribit | |
| SHORT | 6.4378 | +0.0096 | get 0.0012% / 1h | 51m 58s | $238K | $490K | 15x | Short Lighter RH+10% pts |
Price gap+0.035%
Funding gap+0.0037% /8h
Funding pays +$1 a day on $10k, but the gap is 0.034% under its 7d average: −$3 if it goes back, about 3.1 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$13+0.0037% /8h now · paid +0.130% over the last 7D
Price−$3spread +0.035% now, avg +0.069% → −0.034% if it goes back
Costs−$410.415% of $10k · taker + slippage, in and out
Result−$32−0.32%+ Points / potential airdropLighter RH: Points live · 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+0.035%
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
3 ok · 3 to watch- OK: Fits both order books11.6 / 8.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $666Deribit 50x, 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: +$1.11Long Deribit: 24 payments, −$1.77; short Lighter RH: 24 payments, +$2.88.
- Watch: Gap narrower than usual+0.035% vs +0.069%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$238K vs $1.8M 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: KYCDeribit Yes · Lighter RH NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0067%/8h × 21 periods+$14.15
Price spread+0.035% → +0.069% (7d avg)−$3.41
Slippage, 4 orderslive order books−$34.48
Fee Deribit bp × 2 orders−$7.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$30.74
Costs to cover0.415%Break-even22.2 days
Slippage: Deribit: live order book, 6 min ago; Lighter RH: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit8.1111.6 bp−$1227.7 bp−$277doesn’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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