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 03s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3729 | +0.0653 | get 0.0082% / 1h | 55m 03s | $3.1M | $8.0M | 50x | Short 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 forecastFunding+$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 · 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+0.011%
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
/8hUNI on 46 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books8.9 / 14.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$666 + $200Lighter RH 15x, Kraken Futures 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: +$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 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 · Kraken Futures YesFull 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 outPosition, each legHold forOrdersPrice spreadFunding 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 agoCost to enter
taker + slippage from mid, one sideBUY · 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.
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