Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4069 | +0.0096 | pay 0.0012% / 1h | 58m 12s | $1.3M | $7.8M | 15x | Long Lighter7d free | |
| SHORT | 6.4050 | +0.0100 | get 0.0013% / 1h | 58m 12s | $138K | $603K | 50x | Short TxFlow5% off |
Price gap−0.030%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$9 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 7D
Price+$9spread −0.030% now, avg −0.118% → +0.088% if it goes back
Costs−$270.269% of $10k · taker + slippage, in and out
Result−$26−0.26%+ Points / potential airdropLighter: Season 3 · TxFlow: points · 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−0.030%
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
5 ok · 1 to watch- OK: Fits both order books9.2 / 5.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$666 + $200Lighter 15x, TxFlow 50x. 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: +$0.12Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you−0.030% vs −0.118%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$138K vs $1.3M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0038%/8h × 21 periods−$8.07
Price spread−0.030% → −0.118% (7d avg)+$8.80
Slippage, 4 orderslive order books−$17.89
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$26.16
Costs to cover0.269%Break-evennever at this rate
Slippage: Lighter: live order book, 3 min ago; TxFlow: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.719.2 bp−$919.3 bp−$19386.5 bp−$8,651doesn’t fit
SELL · SHORTTxFlow0.805.3 bp−$510.1 bp−$10168.7 bp−$6,871doesn’t fit
Closing costs about the same again.
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