Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.3840 | +0.0096 | pay 0.0012% / 1h | 57m 08s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3800 | +0.0026 | get 0.0026% / 8h | 57m 08s | $73.1M | $37.4M | 75x | Short Gate |
Price gap−0.063%
Funding gap−0.0070% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.077% 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−$1−0.0070% /8h now · paid −0.010% over the last 7D
Price−$8spread −0.063% now, avg +0.014% → −0.077% if it goes back
Costs−$530.525% of $10k · taker + slippage, in and out
Result−$61−0.61%+ 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−0.063%
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 size8.9 / 20.0 bpAt $10k entering Gate costs 20.0 bp, fee and slippage, 2.3× Lighter RH’s.
- Note: Margin at max leverage$666 + $133Lighter RH 15x, Gate 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.10Long Lighter RH: 24 payments, −$2.88; short Gate: 3 payments, +$0.78.
- Watch: Gap narrower than usual−0.063% vs +0.014%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 $73.1M 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 · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0005%/8h × 21 periods−$1.05
Price spread−0.063% → +0.014% (7d avg)−$7.68
Slippage, 4 orderslive order books−$37.54
Fee Lighter RH bp × 2 orders$0.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$61.27
Costs to cover0.525%Break-evennever at this rate
Slippage: Lighter RH: live order book, 39 min ago; Gate: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTGate1.5620.0 bp−$2041.0 bp−$410144.4 bp−$14.4K296.8 bp−$148.4K
Closing costs about the same again.
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