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 19s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.3643 | +0.0100 | get 0.0100% / 8h | 55m 19s | $27K | $2.3M | 30x | Short SunX≤10% back |
Price gap−0.124%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.241% under its 7d average: the price leg works against you, −$24 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0004% /8h now · paid +0.113% over the last 7D
Price−$24spread −0.124% now, avg +0.117% → −0.241% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$13−0.13%+ Points / potential airdropLighter RH: Points live · farm boardcosts unknown: book too thin at $10k · What 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−0.124%
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
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$666 + $333Lighter RH 15x, SunX 30x. 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 SunX: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.124% vs +0.117%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$27K vs $150K OISunX 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 · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0059%/8h × 21 periods+$12.45
Price spread−0.124% → +0.117% (7d avg)−$24.13
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Lighter RH bp × 2 orders$0.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Lighter RH: live order book, 40 min ago; SunX: 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 · SHORTSunX488.25doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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