Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.1208 | +0.0100 | pay 0.0050% / 4h | 2h 42m | $90K | $271K | 20x | Long edgeX | |
| SHORT | 7.1374 | +0.0096 | get 0.0012% / 1h | 42m 49s | $181K | $476K | 15x | Short Lighter RH+10% pts |
Price gap+0.233%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$10 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−$8−0.0004% /8h now · paid −0.081% over the last 4 days (all we have)
Price+$10spread +0.233% now, avg +0.133% → +0.100% if it goes back
Costs−$200.199% of $10k · taker + slippage, in and out
Result−$18−0.18%+ Points / potential airdropedgeX: points · Lighter 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+0.233%
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- Watch: Large against open interest8.0 / 1.9 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $666edgeX 20x, Lighter RH 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long edgeX: 6 payments, −$3.00; short Lighter RH: 24 payments, +$2.88.
- OK: Entry gap works for you+0.233% vs +0.133%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$90K vs $181K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX points · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0065%/8h × 21 periods−$13.67
Price spread+0.233% → +0.133% (7d avg)+$10.04
Slippage, 4 orderslive order books−$10.88
Fee edgeX bp × 2 orders−$9.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$23.51
Costs to cover0.199%Break-evennever at this rate
Slippage: edgeX: live order book, 64 min ago; Lighter RH: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX3.498.0 bp−$821.9 bp−$219doesn’t fitdoesn’t fit
SELL · SHORTLighter RH1.881.9 bp−$29.6 bp−$96doesn’t fitdoesn’t fit
Closing costs about the same again.
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