Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2415 | +0.0100 | pay 0.0050% / 4h | 3h 47m | $1.7M | $1.8M | 50x | Long Phemex | |
| SHORT | 0.2419 | +0.0096 | get 0.0012% / 1h | 47m 25s | $159K | $160K | 10x | Short Lighter7d free |
Price gap+0.157%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$10 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−$1−0.0004% /8h now · paid −0.008% over the last 7D
Price+$10spread +0.157% now, avg +0.055% → +0.102% if it goes back
Costs−$1141.144% of $10k · taker + slippage, in and out
Result−$105−1.05%+ 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
Lighter price against Phemexnow
RANGE STATS · 7D
Now+0.157%
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
2 ok · 4 to watch- Watch: Thin at this size44.4 / 10.6 bpAt $10k entering Phemex costs 44.4 bp, fee and slippage, 4.2× Lighter’s.
- Note: Margin at max leverage$200 + $1,000Phemex 50x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long Phemex: 6 payments, −$3.00; short Lighter: 24 payments, +$2.88.
- OK: Entry gap works for you+0.157% vs +0.055%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$159K 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: KYCPhemex Yes · Lighter NoKYC 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−0.0004%/8h × 21 periods−$0.76
Price spread+0.157% → +0.055% (7d avg)+$10.23
Slippage, 4 orderslive order books−$102.39
Fee Phemex bp × 2 orders−$12.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$104.92
Costs to cover1.144%Break-evennever at this rate
Slippage: Phemex: live order book, 6 min ago; Lighter: live order book, 27 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.1344.4 bp−$44doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter2.9010.6 bp−$1161.6 bp−$616doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | WIFRUSDPERP no longer reported ($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