Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.0445 | +0.0096 | pay 0.0012% / 1h | 19m 30s | $143K | $477K | 15x | Long Lighter RH+10% pts | |
| SHORT | 7.0588 | −0.0091 | pay 0.0011% / 1h | 19m 30s | $57K | $12K | 10x | Short Phoenix |
Price gap+0.203%
Funding gap−0.0187% /8h
The gap pays +$20 on $10k if it goes back to zero (no 7-day history yet), but funding costs $6 a day and eats that in about 3.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0187% /8h now · no funding history yet
Price—spread +0.203% now · no price history on both exchanges yet
Costs−$320.317% of $10k · taker + slippage, in and out
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+0.203%
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- Watch: Large against open interest3.4 / 12.5 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$666 + $1,000Lighter RH 15x, Phoenix 10x. 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: −$5.60Long Lighter RH: 24 payments, −$2.88; short Phoenix: 24 payments, −$2.72.
- Note: No 7-day spread history+0.203%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$57K vs $143K OIPhoenix 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 · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$39.18
Price spread+0.203% → 0+$20.30
Slippage, 4 orderslive order books−$24.67
Fee Lighter RH bp × 2 orders$0.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$50.55
Costs to cover0.317%Break-evennever at this rate
Slippage: Lighter RH: live order book, 4 min ago; Phoenix: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH3.333.4 bp−$311.5 bp−$115doesn’t fitdoesn’t fit
SELL · SHORTPhoenix0.9912.5 bp−$1243.3 bp−$433doesn’t fitdoesn’t fit
Closing costs about the same again.
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