Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4311 | −0.0433 | get 0.0433% / 8h | 3h 50m | $315K | $2.6M | 2.8x | Long Kalshi | |
| SHORT | 6.4463 | +0.0096 | get 0.0012% / 1h | 50m 58s | $238K | $490K | 15x | Short Lighter RH+10% pts |
Price gap+0.236%
Funding gap+0.0529% /8h
Both sides work: funding pays +$16 a day on $10k, and the gap is 0.219% above its 7d average: +$22 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0529% /8h now · paid −0.014% over the last 7D
Price+$22spread +0.236% now, avg +0.017% → +0.219% if it goes back
Costs−$510.507% of $10k · taker + slippage, in and out
Result−$30−0.30%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.014% in total, about −0.0008%/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+0.236%
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
2 ok · 4 to watch- Watch: Thin at this size16.8 / 8.6 bpAt $10k entering Kalshi costs 16.8 bp, fee and slippage, 2.0× Lighter RH’s.
- Note: Margin at max leverage$3,535 + $666Kalshi 2.8x, 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: +$15.87Long Kalshi: 3 payments, +$12.99; short Lighter RH: 24 payments, +$2.88.
- OK: Entry gap works for you+0.236% vs +0.017%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$238K vs $315K 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: KYCKalshi Yes · Lighter RH NoA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0008%/8h × 21 periods−$1.58
Price spread+0.236% → +0.017% (7d avg)+$21.92
Slippage, 4 orderslive order books−$42.66
Fee Kalshi bp × 2 orders−$8.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$30.32
Costs to cover0.507%Break-evennever at this rate
Slippage: Kalshi: live order book, 2 min ago; Lighter RH: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi12.5216.8 bp−$1731.9 bp−$319doesn’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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