Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.3747 | +0.0096 | pay 0.0012% / 1h | 54m 07s | $157K | $312K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3619 | −0.0768 | pay 0.0768% / 8h | 4h 54m | $353K | $2.6M | 2.8x | Short Kalshi |
Price gap−0.201%
Funding gap−0.0864% /8h
Both sides work against this direction now: funding costs $26 a day on $10k and the gap is 0.184% 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+$2−0.0864% /8h now · paid +0.016% over the last 7D
Price−$18spread −0.201% now, avg −0.017% → −0.184% if it goes back
Costs−$500.501% of $10k · taker + slippage, in and out
Result−$67−0.67%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.016% 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−0.201%
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 / 17.4 bpAt $10k entering Kalshi costs 17.4 bp, fee and slippage, 2.0× Lighter RH’s.
- Note: Margin at max leverage$666 + $3,535Lighter RH 15x, Kalshi 2.8x. 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: −$25.92Long Lighter RH: 24 payments, −$2.88; short Kalshi: 3 payments, −$23.04.
- Watch: Gap narrower than usual−0.201% vs −0.017%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$157K vs $353K 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 · Kalshi YesA 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+$1.72
Price spread−0.201% → −0.017% (7d avg)−$18.39
Slippage, 4 orderslive order books−$42.12
Fee Lighter RH bp × 2 orders$0.00
Fee Kalshi bp × 2 orders−$8.00
Net · 7 days · $10k−$66.79
Costs to cover0.501%Break-even278.4 days
Slippage: Lighter RH: live order book, 42 min ago; Kalshi: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTKalshi10.5917.4 bp−$1740.6 bp−$406doesn’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