Funding arb · Price arb / Crypto
USELESS
All USELESS markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2539 | +0.0100 | pay 0.0013% / 1h | 54m 15s | $204K | $408K | 10x | Long Arcus5% off | |
| SHORT | 0.2545 | +0.0872 | get 0.0109% / 1h | 54m 15s | $1.0M | $320K | 3x | Short Lighter7d free |
Price gap+0.232%
Funding gap+0.0772% /8h
Both sides work: funding pays +$23 a day on $10k, and the gap is 0.340% above its 7d average: +$34 more if it goes back.
Funding on this pair cost 0.780% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$78+0.0772% /8h now · paid −0.780% over the last 6 days (all we have)
Price+$34spread +0.232% now, avg −0.108% → +0.340% if it goes back
Costs−$850.845% of $10k · taker + slippage, in and out
Result−$129−1.29%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.232%
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
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size19.7 / 22.1 bpAt $10k entering Lighter costs 22.1 bp, fee and slippage, 1.1× Arcus’s.
- Note: Margin at max leverage$1,000 + $3,333Arcus 10x, Lighter 3x. 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: +$23.16Long Arcus: 24 payments, −$3.00; short Lighter: 24 payments, +$26.16.
- OK: Entry gap works for you+0.232% vs −0.108%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$204K vs $1.0M OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legArcus No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0442%/8h × 21 periods−$92.89
Price spread+0.232% → −0.108% (7d avg)+$34.00
Slippage, 4 orderslive order books−$80.05
Fee Arcus bp × 2 orders−$4.50
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$143.43
Costs to cover0.845%Break-evennever at this rate
Slippage: Arcus: live order book, 8 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus7.9219.7 bp−$2032.7 bp−$327doesn’t fitdoesn’t fit
SELL · SHORTLighter6.1122.1 bp−$22107.5 bp−$1,075doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado