Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.8695 | +0.0096 | pay 0.0012% / 1h | 11m 37s | $125K | $472K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.8531 | +0.0041 | get 0.0041% / 8h | 3h 11m | $2.3M | $1.9M | 50x | Short Variational Omni+15% pts |
Price gap−0.239%
Funding gap−0.0055% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.090% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0055% /8h now · paid −0.043% over the last 3 days (all we have)
Price−$9spread −0.239% now, avg −0.149% → −0.090% if it goes back
Costs−$220.216% of $10k · taker + slippage, in and out
Result−$35−0.35%+ Points / potential airdropLighter RH: Points live · Variational Omni: points · 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−0.239%
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 · 3 to watch- OK: Fits both order books3.1 / 7.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$666 + $200Lighter RH 15x, Variational Omni 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: −$1.65Long Lighter RH: 24 payments, −$2.88; short Variational Omni: 3 payments, +$1.23.
- Watch: Gap narrower than usual−0.239% vs −0.149%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$125K vs $2.3M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points live · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0054%/8h × 21 periods−$11.42
Price spread−0.239% → −0.149% (7d avg)−$8.96
Slippage, 4 orderslive order books−$21.58
Fee Lighter RH bp × 2 orders$0.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$41.96
Costs to cover0.216%Break-evennever at this rate
Slippage: Lighter RH: live order book, 35 min ago; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH3.063.1 bp−$313.2 bp−$132doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.447.9 bp−$810.9 bp−$109doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 14:30 | Lighter RH | Listing | new market UNI ($UNI) seen by our collector |
| 10-23 09:05 | Reya | Listing | new market UNIRUSDPERP ($UNI) seen by our collector |
| 10-19 17:41 | Phoenix | Listing | JUST IN: $UNI is listed as the first DeFi protocol with futures on @CMEGroup. @PhoenixTrade on X ↗ |
| 10-13 10:00 | HTX | Contest | Trade 15 Hot Cryptos, Share $150,000! HTX Spot Hot Token Challenge goes live. Climb the leaderboard, grab exclusive new user perks, and enjoy volume boosts with 3x rewards. Eligible Assets: BTC, ETH, XMR, SOL, LTC, TRX, XRP, DOGE, BTW, ZEC, ADA, UNI, GRAM, FIL, SUI! Register Now >> @HTX_Global on X ↗ |
| 10-02 15:40 | Perpl | Listing | You can now trade $UNI with up to 3x leverage @perpltrade on X ↗ |
| 10-02 15:28 | Perpl | Listing | new market UNI ($UNI) seen by our collector |
Reya
Phoenix
HTX
Perpl