Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.3824 | +0.0096 | pay 0.0012% / 1h | 55m 37s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3675 | 0 | 0.0000% / 1h | 55m 37s | $1.7M | $5.8M | 50x | Short Deribit |
Price gap−0.233%
Funding gap−0.0096% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.164% 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−$13−0.0096% /8h now · paid −0.129% over the last 7D
Price−$16spread −0.233% now, avg −0.069% → −0.164% if it goes back
Costs−$420.422% of $10k · taker + slippage, in and out
Result−$72−0.72%+ 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−0.233%
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- OK: Fits both order books8.9 / 12.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$666 + $200Lighter RH 15x, Deribit 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: −$2.88Long Lighter RH: 24 payments, −$2.88; short Deribit: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.233% vs −0.069%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$150K vs $1.7M 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: KYCLighter RH No · Deribit YesID, 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0068%/8h × 21 periods−$14.19
Price spread−0.233% → −0.069% (7d avg)−$16.44
Slippage, 4 orderslive order books−$35.17
Fee Lighter RH bp × 2 orders$0.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$72.80
Costs to cover0.422%Break-evennever at this rate
Slippage: Lighter RH: live order book, 40 min ago; Deribit: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTDeribit8.3912.3 bp−$1222.6 bp−$226doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-28 12:02 | Bitget | Token | Bitget PoolX is listing Bitget BTC $BGBTC! Lock $BGBTC to share 7,100 UNI airdrop Details. @bitget on X ↗ |
| 10-23 14:30 | Lighter RH | Listing | new market UNI ($UNI) seen by our collector |
| 10-23 09:05 | Reya | Listing | new market UNIRUSDPERP ($UNI) seen by our collector |
| 10-19 17:41 | Phoenix | Listing | JUST IN: $UNI is listed as the first DeFi protocol with futures on @CMEGroup. @PhoenixTrade on X ↗ |
| 10-13 10:00 | HTX | Contest | Trade 15 Hot Cryptos, Share $150,000! HTX Spot Hot Token Challenge goes live. Climb the leaderboard, grab exclusive new user perks, and enjoy volume boosts with 3x rewards. Eligible Assets: BTC, ETH, XMR, SOL, LTC, TRX, XRP, DOGE, BTW, ZEC, ADA, UNI, GRAM, FIL, SUI! Register Now >> @HTX_Global on X ↗ |
| 10-02 15:40 | Perpl | Listing | You can now trade $UNI with up to 3x leverage @perpltrade on X ↗ |


Bitget
Phoenix
HTX