TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG6.4356+0.0059pay 0.0007% / 1h51m 58s$1.8M$6.0M50xLong Deribit
SHORT6.4378+0.0096get 0.0012% / 1h51m 58s$238K$490K15xShort 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 forecast
Funding+$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 · history
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

/8h

UNI on 46 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • OK: Fits both order books11.6 / 8.6 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$200 + $666
    Deribit 50x, Lighter RH 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both 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 OI
    Lighter RH sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live
    Volume here counts toward the points program.
  • Watch: KYCDeribit Yes · Lighter RH No
    ID, 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 out
Position, each leg
Hold for
Orders
Price spread
Funding 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 ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

UNI news

posts that mention UNI, from every exchangeSearch all news →
10-28 12:02BitgetTokenBitget PoolX is listing Bitget BTC $BGBTC! Lock $BGBTC to share 7,100 UNI airdrop Details. @bitget on X ↗
10-23 14:30Lighter RHListingnew market UNI ($UNI) seen by our collector
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