Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.7733 | +0.0032 | pay 0.0032% / 8h | 4h 02m | $2.3M | $1.9M | 50x | Long Variational Omni+15% pts | |
| SHORT | 6.8071 | +0.0096 | get 0.0012% / 1h | 2m 00s | $123K | $473K | 15x | Short Lighter RH+10% pts |
Price gap+0.499%
Funding gap+0.0064% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.350% above its 7d average: +$35 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0064% /8h now · paid +0.041% over the last 3 days (all we have)
Price+$35spread +0.499% now, avg +0.150% → +0.350% if it goes back
Costs−$250.254% of $10k · taker + slippage, in and out
Result+$14+0.14%+ Points / potential airdropVariational Omni: points · Lighter 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+0.499%
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
4 ok · 2 to watch- OK: Fits both order books8.2 / 3.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $666Variational Omni 50x, 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: +$1.91Long Variational Omni: 3 payments, −$0.97; short Lighter RH: 24 payments, +$2.88.
- OK: Entry gap works for you+0.499% vs +0.150%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$123K vs $2.3M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0054%/8h × 21 periods+$11.25
Price spread+0.499% → +0.150% (7d avg)+$34.99
Slippage, 4 orderslive order books−$25.38
Fee Variational Omni bp × 2 orders$0.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k+$20.86
Costs to cover0.254%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, 1 min ago; Lighter RH: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.448.2 bp−$812.9 bp−$129doesn’t fitdoesn’t fit
SELL · SHORTLighter RH3.343.4 bp−$312.3 bp−$123doesn’t fitdoesn’t fit
Closing costs about the same again.
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