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 18s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3710 | +0.0100 | get 0.0100% / 8h | 55m 18s | $19.3M | $4.5M | 50x | Short Phemex |
Price gap−0.019%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.034% under its 7d average: the price leg works against you, −$3 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0004% /8h now · paid +0.047% over the last 7D
Price−$3spread −0.019% now, avg +0.016% → −0.034% if it goes back
Costs−$630.626% 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−0.019%
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 / 22.9 bpAt $10k entering Phemex costs 22.9 bp, fee and slippage, 2.6× Lighter RH’s.
- Note: Margin at max leverage$666 + $200Lighter RH 15x, Phemex 50x. 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: +$0.12Long Lighter RH: 24 payments, −$2.88; short Phemex: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.019% vs +0.016%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 $19.3M 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 · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0025%/8h × 21 periods+$5.18
Price spread−0.019% → +0.016% (7d avg)−$3.44
Slippage, 4 orderslive order books−$50.56
Fee Lighter RH bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$60.81
Costs to cover0.626%Break-even89.1 days
Slippage: Lighter RH: live order book, 40 min ago; Phemex: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTPhemex6.2322.9 bp−$2340.0 bp−$40080.7 bp−$8,066doesn’t fit
Closing costs about the same again.
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