Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.0400 | +0.0114 | pay 0.0114% / 8h | 3h 57m | $760K | $560K | 75x | Long HTX | |
| SHORT | 7.0199 | +0.0096 | get 0.0012% / 1h | 57m 22s | $206K | $539K | 15x | Short Lighter RH+10% pts |
Price gap−0.286%
Funding gap−0.0018% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.085% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0018% /8h now · paid −0.058% over the last 3 days (all we have)
Price−$9spread −0.286% now, avg −0.200% → −0.085% if it goes back
Costs−$460.460% of $10k · taker + slippage, in and out
Result−$60−0.60%+ 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−0.286%
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
1 ok · 5 to watch- Watch: Thin at this size21.5 / 4.3 bpAt $10k entering HTX costs 21.5 bp, fee and slippage, 5.0× Lighter RH’s.
- Note: Margin at max leverage$133 + $666HTX 75x, Lighter RH 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.54Long HTX: 3 payments, −$3.42; short Lighter RH: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.286% vs −0.200%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$206K vs $760K 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: KYCHTX Limited · Lighter RH NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0067%/8h × 21 periods−$13.98
Price spread−0.286% → −0.200% (7d avg)−$8.54
Slippage, 4 orderslive order books−$34.02
Fee HTX bp × 2 orders−$12.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$68.54
Costs to cover0.460%Break-evennever at this rate
Slippage: HTX: live order book, 60 min ago; Lighter RH: live order book, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX4.2021.5 bp−$2134.9 bp−$349doesn’t fitdoesn’t fit
SELL · SHORTLighter RH4.304.3 bp−$412.1 bp−$121doesn’t fitdoesn’t fit
Closing costs about the same again.
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Phoenix