Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1774 | +0.0096 | pay 0.0012% / 1h | 20m 03s | $83K | $169K | 10x | Long Lighter7d free | |
| SHORT | 0.1770 | −0.0164 | pay 0.0020% / 1h | 20m 03s | $303K | $54K | 25x | Short TxFlow5% off |
Price gap−0.242%
Funding gap−0.0260% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.043% 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−$55−0.0260% /8h now · paid −0.554% over the last 7D
Price−$4spread −0.242% now, avg −0.200% → −0.043% if it goes back
Costs−$390.393% of $10k · taker + slippage, in and out
Result−$99−0.99%+ Points / potential airdropLighter: Season 3 · TxFlow: 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−0.242%
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
/8hWIF on 33 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest11.8 / 7.3 bp$10k is over 10% of Lighter’s open interest.
- Note: Margin at max leverage$1,000 + $400Lighter 10x, TxFlow 25x. 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: −$7.79Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$4.91.
- Watch: Gap narrower than usual−0.242% vs −0.200%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$83K vs $303K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0264%/8h × 21 periods−$55.39
Price spread−0.242% → −0.200% (7d avg)−$4.28
Slippage, 4 orderslive order books−$30.30
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$98.96
Costs to cover0.393%Break-evennever at this rate
Slippage: Lighter: live order book, 20 min ago; TxFlow: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter9.0011.8 bp−$1260.6 bp−$606doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.817.3 bp−$714.7 bp−$14790.6 bp−$9,064doesn’t fit
Closing costs about the same again.
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| 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 ↗ |

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