Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.3722 | +0.0096 | pay 0.0012% / 1h | 55m 21s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3651 | L +0.0352S −0.0419 | get 0.0052% / 1h | 55m 21s | $322K | $576K | 60x | Short GMX5% off |
Price gap−0.112%
Funding gap+0.0323% /8h
Funding pays +$10 a day on $10k, but the gap is 0.035% under its 7d average: −$3 if it goes back, about 9 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$34+0.0323% /8h now · paid +0.341% over the last 7D
Price−$3spread −0.112% now, avg −0.077% → −0.035% if it goes back
Costsno datano order book for GMX
Result, before costs+$31+0.31%+ Points / potential airdropLighter RH: Points live · farm boardcosts unknown: no order book for GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.112%
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 · 2 to watch- Note: Order book unknown—No order-book sample for GMX: its slippage is not counted.
- Note: Margin at max leverage$666 + $167Lighter RH 15x, GMX 60x. 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: +$9.69Long Lighter RH: 24 payments, −$2.88; short GMX: 24 payments, +$12.57.
- Watch: Gap narrower than usual−0.112% vs −0.077%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 $322K 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.
- OK: No KYC on either legLighter RH No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0178%/8h × 21 periods+$37.44
Price spread−0.112% → −0.077% (7d avg)−$3.47
Slippage, 4 ordersno data for GMX—
Fee Lighter RH bp × 2 orders$0.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$21.97
Costs to cover0.120%Break-even2.9 days
Slippage: Lighter RH: live order book, 40 min ago; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTGMX—————
Closing costs about the same again.
GMX: no data.
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