TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG6.3722+0.0096pay 0.0012% / 1h55m 03s$150K$298K15xLong Lighter RH+10% pts
SHORT6.3729+0.0653get 0.0082% / 1h55m 03s$3.1M$8.0M50xShort Kraken Futures
Price gap+0.011%
Funding gap+0.0557% /8h

Both sides work: funding pays +$17 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3+0.0557% /8h now · paid +0.025% over the last 7D
Price+$3spread +0.011% now, avg −0.016% → +0.028% if it goes back
Costs−$520.517% of $10k · taker + slippage, in and out
Result−$46−0.46%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.025% in total, about +0.0013%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.011%
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

/8h

UNI on 46 exchanges

lowest funding first

Before you open

4 ok · 2 to watch
  • OK: Fits both order books8.9 / 14.4 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$666 + $200
    Lighter RH 15x, Kraken Futures 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$16.71Long Lighter RH: 24 payments, −$2.88; short Kraken Futures: 24 payments, +$19.59.
  • OK: Entry gap works for you+0.011% vs −0.016%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$150K vs $3.1M OI
    Lighter RH sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live
    Volume here counts toward the points program.
  • Watch: KYCLighter RH No · Kraken Futures Yes
    Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0013%/8h × 21 periods+$2.79
Price spread+0.011% → −0.016% (7d avg)+$2.78
Slippage, 4 orderslive order books−$41.74
Fee Lighter RH bp × 2 orders$0.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$46.17
Costs to cover0.517%Break-even122.8 days
Slippage: Lighter RH: live order book, 41 min ago; Kraken Futures: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures9.3914.4 bp−$1421.8 bp−$21893.4 bp−$9,336doesn’t fit

Closing costs about the same again.

Alert

UNI news

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