Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2406 | +0.0096 | pay 0.0012% / 1h | 25m 21s | $158K | $160K | 10x | Long Lighter7d free | |
| SHORT | 0.2401 | +0.0100 | get 0.0050% / 4h | 25m 21s | $1.7M | $1.8M | 50x | Short Phemex |
Price gap−0.204%
Funding gap+0.0004% /8h
Funding is ≈ 0 and the gap is 0.149% under its 7d average: the price leg works against you, −$15 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0004% /8h now · paid +0.003% over the last 7D
Price−$15spread −0.204% now, avg −0.055% → −0.149% if it goes back
Costs−$1071.073% of $10k · taker + slippage, in and out
Result−$122−1.22%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against Lighternow
RANGE STATS · 7D
Now−0.204%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hWIF on 32 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size6.7 / 44.2 bpAt $10k entering Phemex costs 44.2 bp, fee and slippage, 6.6× Lighter’s.
- Note: Margin at max leverage$1,000 + $200Lighter 10x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter: 24 payments, −$2.88; short Phemex: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.204% vs −0.055%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$158K vs $1.7M OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0001%/8h × 21 periods+$0.26
Price spread−0.204% → −0.055% (7d avg)−$14.85
Slippage, 4 orderslive order books−$95.32
Fee Lighter bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$121.91
Costs to cover1.073%Break-even3280.9 days
Slippage: Lighter: live order book, 55 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter4.296.7 bp−$750.0 bp−$500doesn’t fitdoesn’t fit
SELL · SHORTPhemex2.0844.2 bp−$44doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($WIF) seen by our collector |
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |
Reya
ApeX Omni