Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4369 | +0.0100 | pay 0.0100% / 8h | 7h 52m | $27K | $2.4M | 30x | Long SunX≤10% back | |
| SHORT | 6.4401 | +0.0096 | get 0.0012% / 1h | 52m 30s | $238K | $490K | 15x | Short Lighter RH+10% pts |
Price gap+0.050%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$16 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0004% /8h now · paid −0.111% over the last 7D
Price+$16spread +0.050% now, avg −0.115% → +0.165% if it goes back
Costs−$550.553% of $10k · taker + slippage, in and out
Result−$50−0.50%+ 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+0.050%
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- Watch: Thin at this size18.5 / 8.6 bpAt $10k entering SunX costs 18.5 bp, fee and slippage, 2.2× Lighter RH’s.
- Note: Margin at max leverage$333 + $666SunX 30x, Lighter RH 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long SunX: 3 payments, −$3.00; short Lighter RH: 24 payments, +$2.88.
- OK: Entry gap works for you+0.050% vs −0.115%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$27K vs $238K 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 legSunX No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0058%/8h × 21 periods−$12.10
Price spread+0.050% → −0.115% (7d avg)+$16.48
Slippage, 4 orderslive order books−$47.35
Fee SunX bp × 2 orders−$8.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$50.97
Costs to cover0.553%Break-evennever at this rate
Slippage: SunX: live order book, 10 min ago; Lighter RH: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX14.0918.5 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter RH8.588.6 bp−$926.6 bp−$266doesn’t fitdoesn’t fit
Closing costs about the same again.
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